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      Question

      Rahul spends 80% of his salary and earns an allowance of

      5% of his salary each month. His annual saving is Rs. 94500. Find his monthly allowance. [Monthly income = salary + allowance]
      A Rs. 2000 Correct Answer Incorrect Answer
      B Rs. 2200 Correct Answer Incorrect Answer
      C Rs. 2400 Correct Answer Incorrect Answer
      D Rs. 1575 Correct Answer Incorrect Answer
      E Rs. 2700 Correct Answer Incorrect Answer

      Solution

      ATQ,

      Let salary = β‚Ήx Spends = 80% of x β†’ Saving from salary = 20% of x = 0.20x Allowance = 5% of x = 0.05x Monthly saving = 0.20x + 0.05x = 0.25x Annual saving = β‚Ή94,500 β†’12Γ—0.25x = 94500 β‡’3x = 94500 β‡’ x = 31500 Monthly allowance = 5% of 31500 = β‚Ή1575

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