Question
Mohit’s salary is ₹15,000 per month. He spends
₹5,000 on house rent, ₹2,000 on bills, and the rest of the amount is his monthly savings. Find his savings in a year, if in the month of his birthday he spent his complete monthly savings for birthday celebration.Solution
Given: Monthly salary = ₹15,000 Monthly expenses = ₹5,000 (house rent) + ₹2,000 (bills) = ₹7,000 Monthly savings = ₹15,000 - ₹7,000 = ₹8,000 But in 1 month (his birthday), he spends all his savings, so no savings that month. Savings for 11 months = 11×₹8,000=₹88,000
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