Andrew started saving at the beginning of the year…
…and had saved $240 by the end of the year. He continued to save and by the end of 2 years had saved a total of $540. Which of the following is closest to the percent increase in the amount Andrew saved during the second year compared to the amount he saved during the first year?
A. 11%
B. 25%
C. 44%
D. 56%
E. 125%
Split the $540 into $240 and $300. What percent more than $240 is $300? Just set up the fraction and cancel it down to 5/4, which indicates 125% of the original–the answer is 25%.
