Question

What is the percent increase in the price of an Acura XE from 2003 to 2017? Round to the nearest whole percent.

A) 28%
B) 38%
C) 42%
D) 48%

Answer 1

The percent increase in the price of an Acura XE from 2003 to 2017 is approximately 63%.

Step-by-step explanation:

To calculate the percent increase in the price of an Acura XE from 2003 to 2017, we need to find the difference between the two prices and divide it by the initial price. Here's the step-by-step process:

1. Find the initial price in 2003 from the given table: $16,000
2. Find the final price in 2017 from the given table: $26,000
3. Calculate the difference between the final price and the initial price: $26,000 - $16,000 = $10,000
4. Divide the difference by the initial price: $10,000 / $16,000 = 0.625
5. Convert the decimal to a percentage by multiplying by 100: 0.625 * 100 = 62.5%
6. Round the percentage to the nearest whole percent: 63%

Therefore, the percent increase in the price of an Acura XE from 2003 to 2017 is approximately 63%.