Question

identify the concept

Rahul's mother's saves $2000 everymonth from her salary ​

Answer 1

Rahul's mother's saves $2000 everymonth from her salary

Answer 2

The concept is savings.

• Savings typically apply to the reasonable amount left over after the consumption spending of an individual is subtracted from the disposable income amount received over a given time period.
• By investing, savings can be used to increase revenue. It is necessary to save money because it helps to support a person in case of a financial emergency.
• Hence Rahul's mother is saving $2000 every month, it demonstrates the saving concept. The money saved today can be used in future.