The next model of a sports car will cost 4.8% more than the current model. The current model costs 39,000. How much will the price increase in dollars? What will be the price of the next model?

Price of Next Model: $40,872

Price Increase: $1,872

Step-by-step explanation:

To find the price of the next model, we can multiply 39,000 by 4.8 and then divide it by 100 to find how much 4.8% of 39,000 is.

4.8 x 39,000 = 187200

Then, divide 187,200 by 100.

187,200 x 0.01 = 1872

Lastly, add 1872 to 39,000 to find the new price.

1872 + 39,000 = 40,872

Therefore, the price of the next model is $40,872.

The price increase is $1,872.

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