Question
A man spent 45% of his income in May. If his savings is
increased by 20% in June and becomes Rs. 13200, then find the income of man in May.Solution
Savings of man in May = 13200 × (100/120) = Rs. 11000 So, income of man in May = 11000/0.55 = Rs. 20000
The CRR cut will only benefit the banks and not the industry, which is suffering of high interest rates and slow demand.Â
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