Question
In 2020 when his income was Rs. 25,000, Arjun spent 30% of
his income and saved the rest. In 2021, if his income increased by 15% and his expenditure increased by Rs. 500, then by how much did his savings increase as compared to that in 2020?Solution
ATQ,
Amount spent by Arjun in 2020 = 25000 × 0.3 = Rs. 7,500
Amount saved by Arjun in 2020 = 25000 - 7500 = Rs. 17,500
Income of Arjun in 2021 = 25000 × 1.15 = Rs. 28,750
Amount spent by Arjun in 2021 = 7500 + 500 = Rs. 8,000
So, amount saved by Arjun in 2021 = 28750 - 8000 = Rs. 20,750
Increase in savings as compared to 2020 = 20750 - 17500 = Rs. 3,250
Any security provided to the bank in exchange for a loan is known as ______.
From which city the Women's Tri-Services Motorcycle Rally was flagged off to mark the 24th Kargil Vijay Diwas?
- The Assam government and AASU have reached a consensus on how many recommendations from the Assam Accord Committee report?
What was the main feature of the logo designed by Shri Shaurya Pratap Singh for the IHRC?
Where was India’s Phenome India National Biobank inaugurated?
Consider the following statement about Mission Saksham Anganwadi and Poshan 2.0.
I. Pre-school Kit/ECCE is one of the sub-components of Saksham A...
Skateboarding, surfing and rock climbing have officially been added to the ________ Los Angeles Olympics.
The ‘INSPIRE’ program extends the existing perks, including preferential interest rates, priority banking services, and doorstep banking facilities,...
Where was India’s first cooperative multi-feed Compressed Biogas (CBG) plant inaugurated?
Who has been appointed Deputy National Security Adviser to handle internal affairs?
