Last year, Ivan saved $1500 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% → 1500
1% → 1500 ÷ 100 = 15
25% → 25 x 15 = 375
More monthly savings this year = $375
More savings this year compared to last year
= 12 x 375
= $4500
Answer(s): $4500