The ratio of monthly income to the savings in a family 7:3. If the savings be rs 15000,find the expenses
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Let the main ratio be x
So income be 7x
and expenditure be 6x
So savings =7x−6x=x
7x=15000
x=2000
So savings = 2124.85
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Answer:
The ratio of monthly income to the savings in a family 7 : 3. If the savings be rs 15000, then the expenses is Rs. 20000.
Step-by-step explanation:
If the common multiple is x
Then monthly income = 7x
and savings = 3x
If the savings be rs 15000
means 3x = 15000
x = 15000/3
x = Rs 5000
So, monthly income = 7x = 7(5000) = 35000
The expenses = monthly income - savings
= 35000 - 15000
= 20000 Rs
Hence the monthly expenses is Rs. 20000.
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