Question
The monthly incomes of Rahul, Sanjay, and Vikram are in
the ratio of 3:5:4, while their monthly expenditures are in the ratio of 6:5:7. Rahul earns Rs. 6,000 per month and saves Rs. 2,000 from his income. Based on this information, determine Vikram’s monthly savings.Solution
ATQ; Let monthly income of ‘Rahul’, ‘Sanjay’ and ‘Vikram’ be Rs. ‘3x’, Rs. ‘5x’ and Rs. ‘4x’, respectively. ATQ; ‘3x’ = 6000 Or, x = 2000 So, monthly income of ‘Vikram’ = ‘4x = 4 × 2000 = Rs. 8,000Let monthly expenditures of ‘Rahul’, ‘Sanjay’ and ‘Vikram’ be Rs. ‘6y’, Rs. ‘5y’ and Rs. ‘7y’, respectively. Monthly savings of ‘Rahul’ = Rs. 2,000 ATQ, (6000 – 6y) = 2000 Or, 6y = 4000 So, y = 667 So, monthly expenditure of ‘Vikram’ = 7y = 7 × 667 = Rs. 4,669Therefore, monthly saving of ‘Vikram’ = (8000 – 4669) = Rs. 3,331
________ happen when RBI desires that liquidity should be squeezed from the economy but Banks are not eager to deposit money with RBI at rate fixed by RBI.
Who had won the Polish presidential election on 1 June 2025?
PM Jan Dhan Yojana accounts are linked with which social security schemes?
Special Drawing Rights (SDR) is an international reserve asset, created by the IMF in which of the following years?
Which of the following is not a regulator of financial sector
Which of these countries unveiled an off-grid green hydrogen pilot plant in the year 2025?
Which two Urban Co-operative Banks (UCBs) are set to merge with other banks as per RBI’s latest approval?
What is Call Money?
The govt of India has approved the extension of Interest Equalization Scheme on Pre and Post Shipment Export Credit to ………
Where is the Head Quarter of Asian Clearing Union (ACU)?
