Lee saved $450 and spent the rest of his money. If he increased his savings by 35%, his spending would decrease by 15%. How much money did Lee have?
| |
Spent (%) |
Saved (u) |
| Before |
100%
$450 |
100u |
| Change |
+ 35% |
- 15u |
| After |
135% |
85u |
Increase in savings = Decrease in spending
35% savings =
15u spending 100% savings = 450
1% savings = 450 ÷ 100 = 4.5
35% savings = 35 x 4.5 = 157.5
15 u spending = 157.51 u spending = 157.5 ÷ 15 = 10.5100 u spending = 100 x 10.5 = 1050 Amount that Lee had
= 450 + 1050
= $1500
Answer(s): $1500
