Jeremy saved $980 and spent the rest of his money. If he decreased his savings by 30%, his spending would increase by 12%. How much money did Jeremy have?
| |
Spent (%) |
Saved (u) |
| Before |
100%
$980 |
100u |
| Change |
- 30% |
+ 12u |
| After |
70% |
112u |
Increase in savings = Decrease in spending
30% savings =
12u spending 100% savings = 980
1% savings = 980 ÷ 100 = 9.8
30% savings = 30 x 9.8 = 294
12u spending = 2941u spending = 294 ÷ 12 = 24.5100u spending = 100 x 24.5 = 2450 Amount that Jeremy had
= 980 + 2450
= $3430
Answer(s): $3430
