Question

The ratio of income to expenditure of a family is 7:6. Find the savings if the income is Rs.14000.
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Answer 1

Step-by-step explanation:

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Answer 2

Step-by-step explanation:

When the "income is Rs 14000", the savings is .

Given:

Ratio of "income to expenditure" = 7:6

To find:

Savings of the family.

Solution:

Savings is amount from income eliminating expenditure money.

The formula for savings is given below:

Savings(S)= Income-ExpenditureSavings(S)=Income−Expenditure

Let consider the income be 7x and the expenditure be 6x

Then,

S = 7x - 6xS=7x−6x

S = xS=x

Thus, the savings(S) is x.

Income = 7xIncome=7x

Apply the amount of income given in the question,

14000 = 7x14000=7x

x = \frac{14000}{7}x=

7

14000

x = 2000x=2000