Last year, Howard saved $100 monthly. This year, he increased his monthly savings by 40%. How much more money will he be able to save this year compared to last year?
|
Savings |
Before |
100% |
Change |
+ 40% |
After |
140% |
100% → 100
1% → 100 ÷ 100 = 1
40% → 40 x 1 = 40
More monthly savings this year = $40
More savings this year compared to last year
= 12 x 40
= $480
Answer(s): $480