Kumar Manglam earns Rs. 1500 per month. He spends Rs. 800
on food, Rs. 200 on the house rent and Rs. 200 on the education
of his son. Calculate his yearly savings.
(A) Rs. 3600 (B) Rs. 300 (C) Rs. 3500" (D) Rs. 1000
Answers
Answer:
Cost he earns per month = Rs. 1500
Cost he spends on food = Rs. 800
Cost he spends on house rent = Rs. 200
Cost he spends on education of his son = Rs. 200
His yearly savings =
Rs. 1500-800= Rs. 700
Rs. 700-200= Rs. 500
Rs. 500-200=Rs. 300
Hence, his yearly savings are Rs. 300 (Option - B)
Step-by-step explanation:
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Answer:
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Step-by-step explanation:
QUESTION :-
Kumar Manglam earns Rs. 1500 per month. He spends Rs. 800 on food, Rs. 200 on the house rent and Rs. 200 on the education of his son. Calculate his yearly savings.
- (A) Rs. 3600
- (B) Rs. 300
- (C) Rs. 3500
- (D) Rs. 1000
ANSWER :-
Given :
- Kumar's monthly income = Rs. 1500
- Money he spent on food = Rs. 800
- Money he spent on rent = Rs. 200
- Money he spent on education = Rs. 200
To find :
- Kumar's yearly savings
Method to calculate :
For calculating yearly savings we have to subtract his yearly expenditure from yearly income
Solution :
Kumar's monthly income = Rs. 1500
Therefore,
His yearly income should be = Rs.(1500 × 12)
➠ Rs. 18000
Let's calculate his monthly expenditure
Rs. (800 + 200 + 200)
➠ Rs. 1200
Therefore his yearly expenditure will be
Rs. 1200 × 12
➠ Rs. 14400
So now we have Kumar's yearly income and yearly expenditure so let's calculate his savings also by simply subtracting both
➠ (Yearly income) - (Yearly expenditure)
➠ Rs. (18000 - 14400)
➠ Rs. 3600
Option A is correct