Last year, Jack saved $1900 monthly. This year, he increased his monthly savings by 25%. How much more money will he be able to save this year compared to last year?
|
Savings |
Before |
100% |
Change |
+ 25% |
After |
125% |
100% → 1900
1% → 1900 ÷ 100 = 19
25% → 25 x 19 = 475
More monthly savings this year = $475
More savings this year compared to last year
= 12 x 475
= $5700
Answer(s): $5700