Question

the ratio of income to expenditure expenditure of a family is 7:6 find the savings if the income is rupees 14000​

Answer 1

Answer:

The savings of the family was Rs. 2,000.

Step-by-step explanation:

It is provided that the ratio of income to expenditure of a family is 7:6.

$\frac{I}{E} =\frac{7}{6} \\I=\frac{7}{6}E$

It is provided that income is: I = Rs. 14000

The expenditure is:

$I=\frac{7}{6}E\\14000=\frac{7}{6}E\\E=\frac{14000\times6}{7} \\=12000$

Then the amount saved is:

$Saving=Income-Expenditure\\=14000-12000\\=2000$

Thus, the savings of the family was Rs. 2,000.