The monthly salary of a man is ₹ 20,000. If 10% of it is spent on education,20% of it
is spent on food and 30% of it is paid to home loan, how much money is saved by the
man for his future plans?
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8000 in per month saving
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Answer: ₹ 8,000 is saved by the man for future plans.
Explanation:
Money spent on education= 10% × ₹ 20,000
= ₹ 2,000
Money spent on food= 20% × ₹ 20,000
= ₹ 4,000
Money paid on home loan= 30% × ₹ 20,000
= ₹ 6,000
Total Money spent= ₹ (2,000+4,000+6,000)
= ₹ 12,000
Therefore, Money saved by the man for future plans= ₹ (20,000–12,000)
= ₹ 8,000
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