Neave spent $450 and saved the rest of his money. If he decreased his spending by 15%, his savings would increase by 10%. How much money did Neave have?
| |
Spent (%) |
Saved (u) |
| Before |
100%
$450 |
100u |
| Change |
- 15% |
+ 10u |
| After |
85% |
110u |
Increase in spending = Decrease in savings
15% spending =
10u savings 100% spending = 450
1% spending = 450 ÷ 100 = 4.5
15% spending = 15 x 4.5 = 67.5
10u savings = 67.51u savings = 67.5 ÷ 10 = 6.75100u savings = 100 x 6.75 = 675 Amount that Neave had
= 450 + 675
= $1125
Answer(s): $1125
