Question

Ayesha's income is rs.12,000 per month. she pays 20% tax on her monthly income and spends 30% for her living expenses. how much does she save annually?

Answer 1

Ayesha's income =12000
Money paid for tax =20%=20/100(12000)
=20(120)=2400
Money spent for living expenses =30/100(12000)=30(120)=3600
Total money spent =2400+3600=6000
Money left with her =12000-6000=6000

For an year her savings =6000(12)
=72000