Which year-on-year difference in savings is represented by the calculations provided?

The answer indicating a year-on-year difference of $1,200 is derived from a calculation that likely reflects the specific savings growth or changes between two consecutive years, taking into account various factors such as interest rates, deposits, or changes in expenses.

To arrive at a difference of $1,200, the calculation could involve comparing the ending balance of savings for one year to the balance of the previous year and factoring in any contributions or withdrawals that occurred during that time. This specific value highlights a significant increase in savings that can be attributed to either enhanced saving habits or possibly successful investment returns.

This precise difference suggests careful tracking of financial growth, which is essential for making informed decisions about future savings strategies and understanding personal financial health.