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Question
Neelam’s annual income is Rs. 288000. Her annual savings amount to Rs. 36000. The ratio of her savings to her expenditure is ______.
Options
1:8
1:7
1:6
1:5
Solution
Neelam’s annual income is Rs. 288000. Her annual savings amount to Rs. 36000. The ratio of her savings to her expenditure is 1:7.
Explanation:
Neelm’s annual income = Rs. 288000.
Her savings = Rs. 36000
∴ Her expenditure = Annual income – Savings
= Rs. 288000 – Rs. 36000
= Rs. 252000
∴ The required ratio = `"Saving"/"Expenditure"`
= `(Rs. 36000)/(Rs. 252000) = 1/7` = 1:7
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