Last year, Zeph saved $2000 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% → 2000
1% → 2000 ÷ 100 = 20
40% → 40 x 20 = 800
More monthly savings this year = $800
More savings this year compared to last year
= 12 x 800
= $9600
Answer(s): $9600