The next model of a sports car will cost 4.8% 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?

Solution

The next model of a sports car will cost 4.8% 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?

Solution

Amount after addition : 35632

Solution steps

Translate the problem into an equation:

x = 34000 + 0.048 \cdot 34000

x = 34000 + 0.048 \cdot 34000 : x = 35632

Amount after addition : 35632

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