New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Aman uses 70% of his monthly earnings, resulting in

    monthly expenses of Rs. 22,750. Riva's savings are 60% higher than Aman's and constitute 40% of her monthly income. Determine Riva's monthly income.
    A Rs. 39,000 Correct Answer Incorrect Answer
    B Rs. 35,000 Correct Answer Incorrect Answer
    C Rs. 40,000 Correct Answer Incorrect Answer
    D Rs. 39,500 Correct Answer Incorrect Answer
    E Rs. 40,500 Correct Answer Incorrect Answer

    Solution

    Monthly savings of Aman = 22750 × (0.3/0.7) = Rs. 9,750 So, monthly savings of Riva = 9750 × 1.6 = Rs. 15,600 So, monthly income of Riva = 15600 ÷ 0.4 = Rs. 39,000

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