Advertisements
Advertisements
Question
Bhavya earns ₹ 50,000 per month and spends 80% of it. Due to pay revision, her monthly income increases by 20% but due to price rise, she has to spend 20% more. Find her new savings.
Advertisements
Solution
Given, Bhavya earns per month = ₹ 50000
She spends per month = 80% of 50000 = `80/100 xx 50000` = ₹ 40000
Then, her per month savings = 50000 – 40000 = ₹ 10000 ...[∵ Saving = Total income – Expenditure]
Also, given increment in monthly income = 20% of 50000
= `20/100 xx 50000`
= ₹ 10000
∴ Bhavya’s new income = 50000 + 10000 = ₹ 60000
Increase in expenditure = 20% of 40000
= `20/100 xx 40000`
= ₹ 8000
So, new expenditure = 40000 + 8000 = ₹ 48000
Now, Bhavya’s new savings = 60000 – 48000 = ₹ 12000
APPEARS IN
RELATED QUESTIONS
If Meena gives an interest of ₹ 45 for one year at 9% rate p.a.. What is the sum she has borrowed?
On what principal will the simple interest be Rs. 7,008 in 6 years 3 months at 5% per year?
The simple interest on a certain sum of money is `3/8` of the sum in `6 1/4` years. Find the rate percent charged.
On what date will ₹ 1950 lent on 5th January 2011 amount to ₹ 2125.50 at 5 percent per annum simple interest?
Ahmed Chacha borrowed rupees 25000 at 12 p.c.p.a. for a year. What amount will he have to return to the bank at the end of the year?
Find the simple interest on ₹ 35,000 at 9% per annum for 2 years?
Which among the following is the simple interest for the principle of ₹ 1,000 for one year at the rate of 10% interest per annum?
A sum of ₹ 46,900 was lent out at simple interest and at the end of 2 years, the total amount was ₹ 53,466. Find the rate of interest per year
The difference of interest for 2 years and 3 years on a sum of ₹ 2100 at 8% per annum is ______.
The simple interest on a sum of ₹ P for T years at R% per annum is given by the formula: Simple Interest = `(T xx P xx R)/100`.
