Question
The monthly incomes of A and B are in the ratio of 5:6.
A's monthly savings are 50% higher than B's monthly savings, while A's monthly expenditure equals B's monthly savings. Additionally, B's monthly expenditure is Rs. 10,000 more than A's. Determine the difference in their monthly incomes.Solution
Let the monthly savings of B = Rs. x So the monthly savings of A = Rs. 1.5x Monthly expenditure of A = Rs. x Monthly expenditure of B = Rs. x + 10000 According to question: (1.5x + x)/(x + x + 10000) = 5/6 2.5x/ (2x + 10000) = 5/6 15x = 10x + 50000 5x = 50000, x = 10000 Monthly income of A = 2.5 × 10000 = Rs. 25,000 Monthly income of B = 2 × 10000 + 10000 = Rs. 30,000 So the desired difference = 30000 – 25000 = Rs. 5,000
Prathama Bank was sponsored by SBI
Hornbill Festival is associated with which state?
Income recognition and provisioning guidelines were introduced by RBI in-
Which of the following is the largest organ of the United Nations?
In 1960, _____________, a World Bank arm was established to serve as the Bank's concessional lending arm and provide low and no-cost finance and grants ...
Match the following:
UTI was the first private sector Mutual Fund in IndiaÂ
Which international financial institution did NABARD collaborate with to set up a carbon fund to address climate risks?
When is World Food Day celebrated?
Garima Grehas are primarily established to benefit which of the following groups?