A man spends a part of his monthly income and saves a part of it. The ratio of his expenditure to his savings is 16:3. If his monthly income is Rs. 28500, what is the amount of his monthly savings?
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Answer:
Rs. 750
Description for Correct answer:
Income => Expenditure + saving
Now given
Expenditure : Saving
16x : 3x
∴ Income = 16x + 3x = 19x
19x = 7250
x=>725019=>250
∴ Savings=250×3=750
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