Last year, Ken saved $400 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% → 400
1% → 400 ÷ 100 = 4
10% → 10 x 4 = 40
More monthly savings this year = $40
More savings this year compared to last year
= 12 x 40
= $480
Answer(s): $480