New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    In 2022 when his income was Rs. 20,000, Anil spent 35% of

    his income and saved the rest. In 2023, if his income increased by 30% and his expenditure increased by Rs. 600, then by how much did his savings increase as compared to that in 2022?
    A Rs.3250 Correct Answer Incorrect Answer
    B Rs.5400 Correct Answer Incorrect Answer
    C Rs.4580 Correct Answer Incorrect Answer
    D Rs.1000 Correct Answer Incorrect Answer

    Solution

    ATQ,

    Amount spent by Anil in 2022 = 20000 × 0.35 = Rs. 7,000

    Amount saved by Anil in 2022 = 20000 - 7000 = Rs. 13,000

    Income of Anil in 2023 = 20000 × 1.3 = Rs. 26,000

    Amount spent by Anil in 2023 = 7000 + 600 = Rs. 7,600

    So, amount saved by Anil in 2023 = 26000 - 7600 = Rs. 18,400

    Increase in savings as compared to 2022 = 18400 - 13000 = Rs. 5,400

    Practice Next

    Relevant for Exams: