Juan and Carla Martinez are going to increase their savings contributions by 15% this year compared with last year
. Last year, they saved a total of $10,000.
With the 15% increase, their new savings contribution will be:
$10,000 x 0.15 = $1,500
Their new total savings contribution for this year will be:
$10,000 + $1,500 = $11,500
Therefore, Juan and Carla will save $11,500 this year, a 15% increase from last year.