The next modei of a sports car will cost 5.2% more than the current model. The current model costs $32,000. How much will the price increase in dollars? What will be the price of the next model?-
To calculate the price increase in dollars, we first need to find out how much the increase is in percentage.
5.2% of $32,000 = 0.052 x $32,000 = $1,664
Therefore, the price increase will be $1,664.
To find out the price of the next model, we add the price increase to the current model's price:
$32,000 + $1,664 = $33,664
Therefore, the price of the next model will be $33,664.