Last year, Flynn saved $1000 monthly. This year, he increased his monthly savings by 10%. How much more money will he be able to save this year compared to last year?
| |
Savings |
| Before |
100% |
| Change |
+ 10% |
| After |
110% |
100% → 1000
1% → 1000 ÷ 100 = 10
10% → 10 x 10 = 100
More monthly savings this year = $100
More savings this year compared to last year
= 12 x 100
= $1200
Answer(s): $1200
