Last year, Will saved $600 monthly. This year, he increased his monthly savings by 20%. How much more money will he be able to save this year compared to last year?
|
Savings |
Before |
100% |
Change |
+ 20% |
After |
120% |
100% → 600
1% → 600 ÷ 100 = 6
20% → 20 x 6 = 120
More monthly savings this year = $120
More savings this year compared to last year
= 12 x 120
= $1440
Answer(s): $1440