Last year, Mark saved $200 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% → 200
1% → 200 ÷ 100 = 2
15% → 15 x 2 = 30
More monthly savings this year = $30
More savings this year compared to last year
= 12 x 30
= $360
Answer(s): $360