Last year, Cody saved $300 monthly. This year, he increased his monthly savings by 15%. How much more money will he be able to save this year compared to last year?
|
Savings |
Before |
100% |
Change |
+ 15% |
After |
115% |
100% → 300
1% → 300 ÷ 100 = 3
15% → 15 x 3 = 45
More monthly savings this year = $45
More savings this year compared to last year
= 12 x 45
= $540
Answer(s): $540