Last year, Owen saved $1400 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% → 1400
1% → 1400 ÷ 100 = 14
20% → 20 x 14 = 280
More monthly savings this year = $280
More savings this year compared to last year
= 12 x 280
= $3360
Answer(s): $3360