Last year, Nick saved $1300 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% → 1300
1% → 1300 ÷ 100 = 13
10% → 10 x 13 = 130
More monthly savings this year = $130
More savings this year compared to last year
= 12 x 130
= $1560
Answer(s): $1560