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The ratio of my monthly income expenditure is 10:7 how much can I save if my monthly income is Rs.5000?
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The ratio of my monthly income expenditure is 10:7 how much can I save...
Calculation of Savings
Given:
Monthly income = Rs.5000
Income expenditure ratio = 10:7
Step 1: Calculate Expenditure
Expenditure = (7/10) * Rs.5000
Expenditure = Rs.3500
Step 2: Calculate Savings
Savings = Income - Expenditure
Savings = Rs.5000 - Rs.3500
Savings = Rs.1500
Explanation:
- The ratio of monthly income to expenditure is 10:7. This means out of every Rs.10 earned, Rs.7 is spent.
- With a monthly income of Rs.5000, the monthly expenditure would be Rs.3500 (7/10 * Rs.5000).
- Therefore, the monthly savings would amount to Rs.1500 (Rs.5000 - Rs.3500).
Conclusion:
With a monthly income of Rs.5000 and an income expenditure ratio of 10:7, you would be able to save Rs.1500 every month.
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The ratio of my monthly income expenditure is 10:7 how much can I save if my monthly income is Rs.5000?
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The ratio of my monthly income expenditure is 10:7 how much can I save if my monthly income is Rs.5000? for Class 6 2024 is part of Class 6 preparation. The Question and answers have been prepared according to the Class 6 exam syllabus. Information about The ratio of my monthly income expenditure is 10:7 how much can I save if my monthly income is Rs.5000? covers all topics & solutions for Class 6 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The ratio of my monthly income expenditure is 10:7 how much can I save if my monthly income is Rs.5000?.
The ratio of my monthly income expenditure is 10:7 how much can I save if my monthly income is Rs.5000? for Class 6 2024 is part of Class 6 preparation. The Question and answers have been prepared according to the Class 6 exam syllabus. Information about The ratio of my monthly income expenditure is 10:7 how much can I save if my monthly income is Rs.5000? covers all topics & solutions for Class 6 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The ratio of my monthly income expenditure is 10:7 how much can I save if my monthly income is Rs.5000?.
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