Last year, Seth saved $300 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% → 300
1% → 300 ÷ 100 = 3
40% → 40 x 3 = 120
More monthly savings this year = $120
More savings this year compared to last year
= 12 x 120
= $1440
Answer(s): $1440