Last year, Oliver saved $1900 monthly. This year, he increased his monthly savings by 20%. How much more money will he be able to save this year compared to last year?
|
Savings |
Before |
100% |
Change |
+ 20% |
After |
120% |
100% → 1900
1% → 1900 ÷ 100 = 19
20% → 20 x 19 = 380
More monthly savings this year = $380
More savings this year compared to last year
= 12 x 380
= $4560
Answer(s): $4560