Question

A car manufacturer announced that next year the price of a certain model car would increase by 3.5%. This year the price is $15,649 . The increase in the price of the car is $? The new price of the car is $?

Answer 1

The increase will be the original price x the increase rate.

15649 x 0.035 = $547.72

The new price would be original price + increase

15649 + 547.72 = $16,196.72