Last year, Daniel saved $1500 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% → 1500
1% → 1500 ÷ 100 = 15
10% → 10 x 15 = 150
More monthly savings this year = $150
More savings this year compared to last year
= 12 x 150
= $1800
Answer(s): $1800
