Question

the next model of a sports car will cost 6.2% more than the current model. the current model costs $33,000. how much will the price increase in dollars? what will be the price of the next model?

increase in price: $

price of next model: $

Explanation:

Step1: Calculate price increase

Convert 6.2% to decimal: $6.2\% = 0.062$.
Increase = $33000 \times 0.062 = 2046$.

Step2: Calculate next model price

Next price = Current price + Increase = $33000 + 2046 = 35046$.

Answer:

Increase in price: $2046
Price of next model: $35046