Last year, Peter saved $800 monthly. This year, he increased his monthly savings by 30%. How much more money will he be able to save this year compared to last year?
|
Savings |
Before |
100% |
Change |
+ 30% |
After |
130% |
100% → 800
1% → 800 ÷ 100 = 8
30% → 30 x 8 = 240
More monthly savings this year = $240
More savings this year compared to last year
= 12 x 240
= $2880
Answer(s): $2880