Question

R earns ₹55,000 per month and his annual expenditure is ₹4,50,000. What is his percentage of savings per annum?

• A. 31.82%
• B. 38.12%
• C. 36.21%
• D. 32.81%

Answer 1

Answer:

A. 31.82%

Annual income = 55,000 × 12 = ₹6,60,000

Annual expenditure = ₹4,50,000

Savings = 6,60,000 − 4,50,000 = ₹2,10,000

$\text{Savings \%} = \frac{2,10,000}{6,60,000} \times 100$
$= \frac{21}{66} \times 100$
$31.82\%$

=31.82%