Last year, Paul saved $100 monthly. This year, he increased his monthly savings by 25%. How much more money will he be able to save this year compared to last year?
|
Savings |
Before |
100% |
Change |
+ 25% |
After |
125% |
100% → 100
1% → 100 ÷ 100 = 1
25% → 25 x 1 = 25
More monthly savings this year = $25
More savings this year compared to last year
= 12 x 25
= $300
Answer(s): $300