Tom was able to save 35% more this year than he did last year. If he saved $140 last year, how much did he save this year?
Understand the Problem
The question is asking for how much Tom saved this year, given that he saved 35% more than the previous year, in which he saved $140. To solve it, we calculate 35% of $140 and add that to his previous savings.
Answer
Tom saved $189 this year.
Answer for screen readers
Tom saved $189 this year.
Steps to Solve
- Calculate 35% of Last Year's Savings
First, find out how much 35% of $140 is.
[ 35% \text{ of } 140 = 0.35 \times 140 ]
- Add the Extra Savings to Last Year's Amount
Now, add the extra savings to last year's total savings to find out how much Tom saved this year.
[ \text{Total savings this year} = 140 + (0.35 \times 140) ]
- Final Calculation
Now complete the calculation from the previous steps.
[ 0.35 \times 140 = 49 ]
So,
[ \text{Total savings this year} = 140 + 49 ]
- Complete the Total Savings Calculation
Now, calculate the final total savings.
[ 140 + 49 = 189 ]
Tom saved $189 this year.
More Information
Tom's savings increased due to a significant increase of 35% over his previous savings, making his total for this year $189.
Tips
- A common mistake is forgetting to convert the percentage into a decimal before multiplying.
- Ensure that you add the additional amount to the previous year's savings correctly.
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