What is the answer?

Question

A car manufacturer announced that next year the price of a certain model car would increase by 4.5% . This year the price is $17,054. Find the increase and the new price.

Answer 1

4.5% * 17054 = .045 * 17054 = 767.43

 

so, price increase is $767.43

 

new price is 17054 + 767.43 = $17821.43