Last year, Oliver saved $500 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% → 500
1% → 500 ÷ 100 = 5
15% → 15 x 5 = 75
More monthly savings this year = $75
More savings this year compared to last year
= 12 x 75
= $900
Answer(s): $900