Answer:
$ 1739 is increased and the price of the next model is $ 38739.
Explanation:
The price of the "current model sports car" cost is $ 37000.
Let the price of the "current model sports car" is y.
Given that,
The price of the "next model sports car" cost is 4.7% more than price of "current model sports car".
Let the price of the "next model sports car" is x.
The price increase in dollars:
4.7% more than price of "current model sports car" is 4.7%(y)
[tex]=\frac{4.7}{100}\times37000[/tex]
= 1739
Therefore, The price increased in dollars is $ 1739.
The price of the "next model sports car":
Then the price of the "next model sports car" be x = y + 4.7%(y)
[tex]x=37000+\frac{4.7}{100}\times37000[/tex]
[tex]x=37000+0.047\times37000[/tex]
[tex]x=37000+1739[/tex]
x = 38739
Therefore, price of the "next model sports car" is $ 38739.
