Question

The next model of a sports car will cost 3.4% 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

Cost increase= $1,156

New model cost= $35,156

Explanation:

Giving the following information:

The next model of a sports car will cost 3.4% more than the current model. The current model costs 34,000.

Cost increase= 34,000*0.034

Cost increase= $1,156

New model cost= 34,000 + 1,156

New model cost= $35,156