Michael saved $830 and spent the rest of his money. If he increased his savings by 40%, his spending would decrease by 25%. How much money did Michael have?
| |
Spent (%) |
Saved (u) |
| Before |
100%
$830 |
100u |
| Change |
+ 40% |
- 25u |
| After |
140% |
75u |
Increase in savings = Decrease in spending
40% savings =
25u spending 100% savings = 830
1% savings = 830 ÷ 100 = 8.3
40% savings = 40 x 8.3 = 332
25 u spending = 3321 u spending = 332 ÷ 25 = 13.28100 u spending = 100 x 13.28 = 1328 Amount that Michael had
= 830 + 1328
= $2158
Answer(s): $2158
