Last year, Fred saved $1500 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% → 1500
1% → 1500 ÷ 100 = 15
40% → 40 x 15 = 600
More monthly savings this year = $600
More savings this year compared to last year
= 12 x 600
= $7200
Answer(s): $7200