The next model of a sports car will cost 4.4% more than the current model. The current model costs $36,000. How much will the price increase in dollars? What will be the price of the next model?
New price: what is 1.044(36000) ?
Increase = ....
To find the price increase in dollars, we first need to calculate 4.4% of the current model's price.
Step 1: Calculate the amount of increase
4.4% of $36,000 = (4.4/100) x $36,000 = $1,584
Therefore, the price increase will be $1,584.
To find the price of the next model, we need to add the price increase to the current model's price.
Step 2: Calculate the price of the next model
Price of the next model = $36,000 + $1,584 = $37,584
Therefore, the price of the next model will be $37,584.