Question

A car manufacturer announced that next year the price of a certain model car would increase by 5.5% . This year the price is 19,076. Find the increase and the new price .

Answer 1

1,049.18 and 20,125.18

Explanation:

increase: 19,076*0.055 = 1,049.18

new price: 19,076*1.055 = 20,125.18