Pregunta
14. Mary saves for a holiday each year. In 2020 she saved a total of \( \$ 720 \) In 2021 , each month she saved \( \$ 78 \) The total amount Mary saved in 2021 was \( P \% \) more than the total she saved in 2020 (a) Work out the value of \( P \)
Ask by Jimenez Carlson. in the United Arab Emirates
Jan 19,2025
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Mary saved 30% more in 2021 compared to 2020.
Solución
To determine the value of \( P \), which represents the percentage increase in Mary's savings from 2020 to 2021, follow these steps:
1. **Calculate Mary's Total Savings in 2021:**
Mary saved \( \$78 \) each month in 2021. Therefore, her total savings for the year would be:
\[
78 \, \text{(dollars/month)} \times 12 \, \text{(months)} = 936 \, \text{dollars}
\]
2. **Determine the Increase in Savings from 2020 to 2021:**
- **Savings in 2020:** \( \$720 \)
- **Savings in 2021:** \( \$936 \)
The increase in savings is:
\[
936 \, \text{dollars} - 720 \, \text{dollars} = 216 \, \text{dollars}
\]
3. **Calculate the Percentage Increase (\( P \)):**
The percentage increase is calculated by dividing the increase by the original amount (2020 savings) and then multiplying by 100:
\[
P = \left( \frac{216}{720} \right) \times 100 = 30\%
\]
**Answer:**
\( P = 30\% \)
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Extra Insights
Mary saved \( \$ 720 \) in 2020. In 2021, by saving \( \$ 78 \) each month for 12 months, she saved: \[ 12 \times 78 = 936 \] Now, to find \( P \), we calculate the increase in savings from 2020 to 2021: \[ 936 - 720 = 216 \] Next, we find \( P \) as a percentage of the 2020 savings: \[ P = \left( \frac{216}{720} \right) \times 100 = 30 \] So, \( P \) is \( 30\% \).
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