Last year, George saved $200 monthly. This year, he increased his monthly savings by 10%. How much more money will he be able to save this year compared to last year?
|
Savings |
Before |
100% |
Change |
+ 10% |
After |
110% |
100% → 200
1% → 200 ÷ 100 = 2
10% → 10 x 2 = 20
More monthly savings this year = $20
More savings this year compared to last year
= 12 x 20
= $240
Answer(s): $240