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Question 1 (b) Binu earns ₹20,000 per month. She spends ₹5,000 on rent, ₹5,000 on food, and ₹2,000 on other expenses every month. What is the amount Binu will save by the end of a year? Note: Notice that we need to find money saved in one year Amount Binu earns in 1 month = Rs 20,000 Amount Binu spends on rent in 1 month = Rs 5,000 Amount Binu spends on food in 1 month = Rs 5,000 Amount Binu spends on other expenses in 1 month = Rs 2,000 Now, Amount saved by end of year = Amount saved in month × 12 months = [Amount earned – (Amount spent on rent + food + other expenses)] × 12 = [20,000 – (5,000 + 5,000 + 2,000)] × 12 = [20,000 – 12,000] × 12 = 8,000 × 12 = Rs 1,08,000 ∴ Amount Binu will save by the end of a year is Rs 1,08,000

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Davneet Singh

Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 15 years. He provides courses for Maths, Science and Computer Science at Teachoo