Imtial income is 40000 his income is increased by 8 percentage and if his expediture is incresed by 12 percentage his savings decreased by 4 percentage what is his intial saving
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Answer:
10000
Step-by-step explanation:
Initial income = 40000
Increased income = 40000 + (8/100)*40000 = 43200
Initial Expenditure = E
Increased Expenditure = E + (12/100)*E = 1.12 E
Initial Savings = S = 40000-E
Decreased Savings = S - (4/100)S = 0.96S
0.96S = 43200 - 1.12E
0.96(40000-E) = 43200 - 1.12E
38400 - 0.96E = 43200 -1.12 E
0.16E = 4800
E = 30000
Initial saving = 40000-30000 = 10000
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