Last year, Rael saved $600 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% → 600
1% → 600 ÷ 100 = 6
10% → 10 x 6 = 60
More monthly savings this year = $60
More savings this year compared to last year
= 12 x 60
= $720
Answer(s): $720