Henry spent $120 and saved the rest of his money. If he increased his spending by 30%, his savings would decrease by 16%. How much money did Henry have?
| |
Spent (%) |
Saved (u) |
| Before |
100%
$120 |
100u |
| Change |
+ 30% |
- 16u |
| After |
130% |
84u |
Increase in spending = Decrease in savings
30% spending =
16u savings 100% spending = 120
1% spending = 120 ÷ 100 = 1.2
30% spending = 30 x 1.2 = 36
16 u savings = 361 u savings = 36 ÷ 16 = 2.25100 u savings = 100 x 2.25 = 225 Amount that Henry had
= 120 + 225
= $345
Answer(s): $345
