Answer:
Step-by-step explanation:
1. Given that $53000 represents 100% of the original cost. You know that 6.9% as a percentage is equivalent to 0.069 as a decimal.
Increase in price:
= 53000 * 0.069
= $3657
2. The question states that the price of the car model is increasing, so you must add the original cost to the increase in price.
Price of next model:
= 53000 + 3657
= $56657
