New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    Mohit’s salary is ₹15,000 per month. He spends

    ₹5,000 on house rent, ₹2,000 on bills, and the rest of the amount is his monthly savings. Find his savings in a year, if in the month of his birthday he spent his complete monthly savings for birthday celebration.
    A ₹38,000 Correct Answer Incorrect Answer
    B ₹96,000 Correct Answer Incorrect Answer
    C ₹88,000 Correct Answer Incorrect Answer
    D ₹17,000 Correct Answer Incorrect Answer

    Solution

    Given: Monthly salary = ₹15,000 Monthly expenses = ₹5,000 (house rent) + ₹2,000 (bills) = ₹7,000 Monthly savings = ₹15,000 - ₹7,000 = ₹8,000 But in 1 month (his birthday), he spends all his savings, so no savings that month. Savings for 11 months = 11×₹8,000=₹88,000

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