Question

The price of a particular model car is 10,610 today and rises with time at a constant rate of $1124 per year. How much will a new car cost in 1.9 years?

Answer 1

To calculate the cost of the car in 1.9 years, multiply the annual increase rate of $1,124 by 1.9 years to get $2,135.6, then add this to the current price of $10,610. The future price will be approximately $12,745.60.

Step-by-step explanation:

The question asks us to calculate the future price of a car given its current price and the rate at which its price increases annually. The current price of the car is $10,610 and it rises at a constant rate of $1,124 per year. To find out the cost of the car in 1.9 years, we'd multiply the rate of increase by the number of years and then add the result to the current price.

Here is the step-by-step calculation:

1. Multiply the annual increase rate by the number of years:
   $1,124 × 1.9 = $2,135.6
2. Add the result to the current price of the car: $10,610 + $2,135.6 = $12,745.6

Therefore, the price of a new car in 1.9 years will be approximately $12,745.60.