Question
The sum of the monthly incomes of βAβ, βBβ and
βCβ is Rs. 55000 which is 4 times the monthly income of βCβ. If βAβ spends 60% of his income while βBβ spends 80% of his income and the sum of their savings is Rs. 15500, then find the savings of βAβ.Solution
Monthly income of βCβ = 55000/4 = Rs. 13750 Let the monthly income of βAβ be Rs. x Therefore, monthly income of βBβ = Rs. (41250 β x) According to the question, 0.4x + 0.20(41250 β x) = 15500 Or, 0.2x = 7250 x = 36250 Or, savings of βAβ = 0.40x = Rs. 14500
Which of the following statements correctly describes the meaning of Indian Depository Receipt (IDR)?
Which of the following statements correctly outlines the qualifications required for a person to be appointed as a Judicial Member according to the prov...
Which of the following does not fall under the definition of Non-Performing Assets (NPA) as per RBI norms?
What does cash flow means in accounting parlance?
Which department or role is typically responsible for maintaining bin card?
Self-Determination Theory is a theory of motivation and personality that addresses three universal, innate and psychological needs these are
Β ...
On what basis is an individual resident Indians permitted to include NRI close relatives as a joint holder in resident bank account?
The Credit guarantees are on risk sharing basis, which implies that
An NBFC can take deposits from public for a maximum period of ________
A loan facility extended for import of goods or services, is called as ________.