Last year, Luke saved $1400 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% → 1400
1% → 1400 ÷ 100 = 14
25% → 25 x 14 = 350
More monthly savings this year = $350
More savings this year compared to last year
= 12 x 350
= $4200
Answer(s): $4200