Last year, Cody saved $2000 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% → 2000
1% → 2000 ÷ 100 = 20
30% → 30 x 20 = 600
More monthly savings this year = $600
More savings this year compared to last year
= 12 x 600
= $7200
Answer(s): $7200