The amount spent to his family forms approximately what percent of his monthly savings?
Monthly income Sumit = 18,00,000/12 = Rs. 1,50,000 Monthly savings = 1,50,000 × 30/100 = Rs. 45,000 Monthly loan instalments = (1,50,000 – 45,000 ) × 20/100= Rs. 21,000 Various bills = 1,50,000 × 25/100 = Rs. 37,500 Household expenses = 1,50,000 × 30/100 = Rs. 45,000 Monthly income given to his family = 1,50,000 – 45,000 – 21,000 – 37,500 – 45,000 = Rs. 1500 Required percent = 1500 × 100/45000= 3.33%
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