Question

The next model of a sports car will cost 4.1% more than the current model. The current model costs $34,000. How much will the price Increase in dollars? What

will be the price of the next model?

Answer 1

The current model costs 34,000 meaning that .1% is 34, also meaning that 1% is 340. Now knowing this if we multiply 340 by 4 we get 1360 meaning that 4% is 1360, now we add .1% which is 36 and get 1396, meaning that 4.1% is $1396 meaning that the next model will increase by $1396