A car manufacturer announced that next year the price of a certain model car would increase by 5.5%. This year the price is $15,453. Find the increase and the new price.
You have to multiply the previous year $ with 5.5% or 0.055 (they're the same) .The price would increase by 849.91500 so when you add the previous price with the 849.91500, you would get $16302.915
