How to calculate new savings amount after percentage increase?

Here's an example: We are looking for the new savings amount after an increase. Amount of increase = (Percentage / 100) × Current savings. New savings = Current savings + Amount of increase.

Savings Increase - What's my new savings goal after a percentage increase?

Last year I saved $ . I want to increase that by % this year...
What should my new savings goal be?

Contextual hints will appear here as you calculate

Incomplete data. Enter all required values to see the calculations.

Answer: I should aim to save $ this year.

Round calculations to 2 decimal places

Type of calculation: Calculating a value after a percentage increase.
How to use the calculator:
Option 1 (Direct method): Use the Increased Value CALCULATOR ("Calculate new value after percentage increase"). Enter $10000 [Original] and 20% [Increase]. It will show you this year's target.
Option 2 (Step-by-step method):
Step 1: Calculate the dollar amount of the increase. Use the Basic Percentage CALCULATOR ("What is X% of Y?"). Enter 20 [X] and $10000 [Y]. It will calculate 20% of $10000.
Step 2: Add that increase amount to last year's total.
The formula:
We want this year's savings after a 20% increase from $10000.
Amount of increase = 20% of $10000
Amount of increase = (20 / 100) × $10000 = 0.2 × $10000 = $2000
Savings this year = Savings last year + Amount of increase
Savings this year = $10000 + $2000 = $12000