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

    Question

    In 2021 when his income was Rs. 45,000, Vijay spent 45% of

    his income and saved the rest. In 2022, if his income increased by 18% and his expenditure increased by Rs. 1,200, then by how much did his savings increase as compared to that in 2021?
    A Rs.3250 Correct Answer Incorrect Answer
    B Rs.5400 Correct Answer Incorrect Answer
    C Rs.4580 Correct Answer Incorrect Answer
    D Rs.6900 Correct Answer Incorrect Answer

    Solution

    ATQ,

    Amount spent by Vijay in 2021 = 45000 × 0.45 = Rs. 20,250

    Amount saved by Vijay in 2021 = 45000 - 20250 = Rs. 24,750

    Income of Vijay in 2022 = 45000 × 1.18 = Rs. 53,100

    Amount spent by Vijay in 2022 = 20250 + 1200 = Rs. 21,450

    So, amount saved by Vijay in 2022 = 53100 - 21450 = Rs. 31,650

    Increase in savings as compared to 2021 = 31650 - 24750 = Rs. 6,900

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