Last year, Archie saved $100 monthly. This year, he increased his monthly savings by 10%. How much more money will he be able to save this year compared to last year?
|
Savings |
Before |
100% |
Change |
+ 10% |
After |
110% |
100% → 100
1% → 100 ÷ 100 = 1
10% → 10 x 1 = 10
More monthly savings this year = $10
More savings this year compared to last year
= 12 x 10
= $120
Answer(s): $120