Question

The annual income of a person is Rs. 1,00,000. If there is an increase of 8% in his income
every year, then what will be his income in the coming year and what was his income last
year?​

Answer 1

Answer:

Let her monthly income be Rs x.  

Savings = Rs 120

Expenditure = 90% of x=90100x=9x10

Savings = Total monthly salary − Expenditure = x−9x10=x10 = 120

x=10×120=1200

Thus, total monthly salary = Rs 1200