Last year, Carl saved $1600 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% → 1600
1% → 1600 ÷ 100 = 16
30% → 30 x 16 = 480
More monthly savings this year = $480
More savings this year compared to last year
= 12 x 480
= $5760
Answer(s): $5760