Income of Rahim is Rs 12000 per month and that of Ami is Rs 191520 per annum. If the monthly expenditure of each of them is Rs 9960 per month find the ratio of their savings.
The first correct answer will be brainliest
Answers
Answer:17:50
Step-by-step explanation:
Savings of Rahim per month = Rs (12000 – 9960) = Rs 2040 Monthly income of Ami = Rs 191520/12 = Rs 15960 Savings of Ami per month = Rs (15960 – 9960) = Rs 6000 Therefore, ratio of savings of Rahim and Ami = 2040 : 6000 = 17:50
Given:
Income of Rahim=Rs.12,000 per month
Income of Ami=Rs.1,91,520 per annum
Monthly expenditure of each of them= Rs. 9,960 per month
To find:
The ratio of their savings
Solution:
The ratio of their savings is 17:50.
We can find the ratio by following the given steps-
We know the amount saved by Rahim and Ami is the amount left from their income after expenditure.
So, the amount of savings=amount of income-amount of expenditure
Now, the income of Rahim=Rs.12,000 per month
The income of Ami=Rs.1,91,520 per annum
So, the monthly income of Ami=Yearly income of Ami/12
=1,91,520 /12
=Rs. 15,960
The monthly savings can be calculated as follows-
The monthly savings of Rahim=Monthly income of Rahim-Monthly expenditure
=Rs. 12,000-Rs. 9,960
=Rs. 2,040
The monthly savings of Ami=Monthly income of Ami-Monthly expenditure
=Rs. 15,960-Rs.9,960
=Rs.6,000
Now, the ratio of their savings=Monthly savings of Rahim: Monthly savings of Ami
On putting the values, we get
=2,040: 6,000
=204: 600
=17:50
Therefore, the ratio of their savings is 17:50.