Question

A teacher's annual salary is₹590580.00 and the total expenditure during the year is ₹320520.00 . What is his saving during the year? Write all the earning, expenditure and savings marking periods and also write the number name.

Answer 1

The teacher's savings during the year is ₹270060.

Given:

Annual Salary = ₹ 590580.00

Total Expenditure = ₹ 320520.00

To Find:

Annual savings =?

Solution:

Savings = Annual Salary - Total Expenditure

Savings = ₹ (590580 - 320520)

Savings = ₹ 270060

So, the teacher's savings during the year is ₹270060.

The marking of earnings, expenditures, and savings for different periods can be:

Monthly:

Monthly Salary = $\frac{590580}{12}$ = ₹49215

Monthly Expenditure = $\frac{320520}{12}$ = ₹26710

Monthly Savings = ₹ (49215 - 26710) = ₹22505

Quarterly:

Quarterly Salary = $\frac{590580}{4}$ = ₹147645

Quarterly Expenditure = $\frac{320520}{4}$ = ₹80130

Quarterly Savings = ₹ (147645 - 80130) = ₹67515

Half-Yearly:

Half-Yearly Salary = $\frac{590580}{2}$ = ₹295290

Half-Yearly Expenditure = $\frac{320520}{2}$ = ₹160260

Half-Yearly Savings = ₹ (295290 - 160260) = ₹135030

Annually:

Annual Salary = ₹590580

Annual Expenditure = ₹320520

Annual Savings = ₹270060

The teacher's savings during the year is ₹270060.

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