A car manufacturer announced that next year the price of a certain model car would increase by 5.5 %. This year the price is $17,635. Find the increase and the new price. The increase in the price of the car is $? (Round to the nearest cent as needed.) The new price of the car is $? (Round to the nearest cent as needed.)

Increase: $969.93 New Price: $18,604

Step-by-step explanation:

I got this answer by finding out how much of the initial price 5.5% was, it ended being 969.925 so I rounded that to 969.23 so that I may found how much the price increased, then I added the increase price to the initial price so that I may find out how much the car would cost next year which is, $18,604.

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