Last year, Vincent saved $800 monthly. This year, he increased his monthly savings by 15%. How much more money will he be able to save this year compared to last year?
|
Savings |
Before |
100% |
Change |
+ 15% |
After |
115% |
100% → 800
1% → 800 ÷ 100 = 8
15% → 15 x 8 = 120
More monthly savings this year = $120
More savings this year compared to last year
= 12 x 120
= $1440
Answer(s): $1440