The next model of a sports car will cost
6.4%
more than the current model. The current model costs
$43,000
. How much will the price increase in dollars? What will be the price of the next model?
Increase in price: $
Price of next model: $
Increase in price: $2,752 (computed by multiplying 6.4% of $43,000)
Price of next model: $45,752 (computed by adding the increase in price to the current price)
To calculate the increase in price, we first need to find 6.4% of the current price.
Increase in price = 6.4% of $43,000
To find 6.4% of a number, we can multiply the number by 0.064.
Increase in price = $43,000 x 0.064
Increase in price = $2,752
Therefore, the price will increase by $2,752.
To find the price of the next model, we add the increase in price to the current model price.
Price of next model = $43,000 + $2,752
Price of next model = $45,752
Therefore, the price of the next model will be $45,752.