Mohan's income is Rs 15500 per month is saved 11% of his income if his income increased by 10% then he reduces his savings by 1% how much does he saves now
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income = 15500
savings 11% = 11/100 x 15500 = 1705
income increased by 10% = 15500 + 10% of 15500 = 17050
new savings = 10% = 10% of 17050 = 1705
he saves same amount of money after increment in salary and reduction in savings
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Answer:
income = 15500
savings 11% = 11/100 x 15500 = 1705
income increased by 10% = 15500 + 10% of 15500 = 17050
new savings = 10% = 10% of 17050 = 1705
he saves same amount of money after increment in salary and reduction in savings
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