Last year, Perry saved $1600 monthly. This year, he increased his monthly savings by 10%. How much more money will he be able to save this year compared to last year?
|
Savings |
Before |
100% |
Change |
+ 10% |
After |
110% |
100% → 1600
1% → 1600 ÷ 100 = 16
10% → 10 x 16 = 160
More monthly savings this year = $160
More savings this year compared to last year
= 12 x 160
= $1920
Answer(s): $1920