Last year, Howard saved $1600 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% → 1600
1% → 1600 ÷ 100 = 16
15% → 15 x 16 = 240
More monthly savings this year = $240
More savings this year compared to last year
= 12 x 240
= $2880
Answer(s): $2880