Last year, Owen saved $1500 monthly. This year, he increased his monthly savings by 20%. How much more money will he be able to save this year compared to last year?
|
Savings |
Before |
100% |
Change |
+ 20% |
After |
120% |
100% → 1500
1% → 1500 ÷ 100 = 15
20% → 20 x 15 = 300
More monthly savings this year = $300
More savings this year compared to last year
= 12 x 300
= $3600
Answer(s): $3600