Last year, Ethan saved $1400 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% → 1400
1% → 1400 ÷ 100 = 14
40% → 40 x 14 = 560
More monthly savings this year = $560
More savings this year compared to last year
= 12 x 560
= $6720
Answer(s): $6720