Last year, Asher saved $200 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% → 200
1% → 200 ÷ 100 = 2
25% → 25 x 2 = 50
More monthly savings this year = $50
More savings this year compared to last year
= 12 x 50
= $600
Answer(s): $600