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 $19,631. find the increase and the new price

Answer 1

So, it is 5.5% of 19,631
Multiply 5.5 times 100
.55x19,631=10,797.05
10,797.05+19,631=30,428.05
The new prize is 30,428.05 and the increase 5.5%