Acar manufacturer announced that next year the price of a certain model car would increase by 5.5%. this year the price is $19,419. find the increase and the new price.

The original price is 19419 and the Increase is 5.5%. To get the amount of increase multiply the two together.

Convert 5.5% to a decimal by dividing by 100 (move decimal 2 places left)

5.5% = .055

.055 × 19419 = $1,068.05

That is the amount of increase. Add it to the original AL price to find the new price.

1068.05 + 19419 = $20,487.05