Question

Mr. Srinivasan spends 4/7 of his income on household expenses 1/7 of his income on conveyance and 2,000 per month on insurance. If his monthly income is 42,000, find his annual savings. ​

Answer 1

Answer:

Given:-

He spent 4/7 for household

1/7 for income on conveyance

and Rs 2000 for his Insurance

For finding his remains(that is his annual savings), we've to find 4/7,1/7 of 42000

we know

4/7+1/7=5/7

therefore we've to find 5/7 of 42000

$\frac{5}{7} \times 42000 \\ 5 \times 600 = 30000$

therefore the 5/7 of his income is Rs 30000

also he spents another 2000 for insurance

that is

he spents a total of Rs 32000 per month

and now

42000-32000=10000

he saves Rs 10,000 a month

but here asked is annual savings,that is of 12 months

for that

10000×12=120000

therefore his annual savings is Rs 1,20,000

Answer 2

Answer:

Step-by-step explanation:

1/7 is spent on income on conveyance

2000 per month on insurance

4/7 of income on expenses

total income = 4/7 + 1/7 = 5/7

5/7 x 42000 = 30,000

Insurance + 30000 = 32,000

Annual savings = 42,000 - 32,000 = 10,000

12 months in a year = 10000 x 12 = 1,20,000

Annual savings = 1,20,000

I hope this helped you