Question

Mitali earns Rs. 24000 in a month. The ratio of her spending to her savings is 5:3. Calculate the
amount saved and spent by her every month. Also, calculate how many months would she have to
save to purchase a TV worth Rs. 54000.

Answer 1

Answer:

a) Amount spent Rs 15000

Amount saved is Rs 9000

b) it will take him 6 years

Step-by-step explanation:

The amount Mitali earns is Rs. 24000 in a month.

The ratio of her spending to her savings is 5:3

The total ratio is:5+3=8.

The amount spends is:

$\frac{5}{8} \times 24000 = 15000$

The amount he saves is:

$\frac{3}{8} \times 24000 = 9000$

If Mitali, saves 9000 a month, we need to divide 54000 by 9000 to obtain the number of months it will take him to save Rs 54000.

$\frac{54000}{9000} = 6$