Last year, Ryan saved $1200 monthly. This year, he increased his monthly savings by 20%. How much more money will he be able to save this year compared to last year?
|
Savings |
Before |
100% |
Change |
+ 20% |
After |
120% |
100% → 1200
1% → 1200 ÷ 100 = 12
20% → 20 x 12 = 240
More monthly savings this year = $240
More savings this year compared to last year
= 12 x 240
= $2880
Answer(s): $2880