Question

The monthly income of a civil servant is Rs. 30,000. If he spends 80% of his income, how much does he save in a year? (with process)

Answer 1

Step-by-step explanation:

Monthly income = 30,000

so annual income = 12 * 30,000 =3,60,000

If he spends 80 % of his income then he saves:

[100 -80] %

=20%

thus, his annual savings = 20 % of 3,60,000

= (20/100)*3,60,000

= 72,000 Rupees.