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    Question

    Ravi initially used to save 20% of his monthly income.

    Recently his monthly income was raised by 25%. His nominal savings also went up by 5%. What percentage of his present nominal income does Ravi currently save?
    A 25% Correct Answer Incorrect Answer
    B 20% Correct Answer Incorrect Answer
    C 15% Correct Answer Incorrect Answer
    D 16.8% Correct Answer Incorrect Answer

    Solution

    The correct answer is D

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