MCQ 11 Mark
Neelam’s annual income is $Rs. 288000$. Her annual saving amount is $Rs. 36000$. The ratio of her savings to her expenditure is:
- A$1 : 8$
- ✓$1 : 7$
- C$1 : 6$
- D$1 : 5$
Answer
View full question & answer→Correct option: B.
$1 : 7$
Given,
Neelam’s annual income $= Rs. 2,88,000$
Her annual saving $= Rs. 36,000$
Her expenditure = Income - Savings $= Rs. 2,88,000 - Rs. 36,000 = Rs. 2,520$
$\therefore$ Ratio of her savings to her expenditure $=\frac{36000}{252000}$
$=\frac{1}{7}$ [On dividing numerator and denominator by $36000$]
$= 1 : 7$
Hence, $(b)$ is the correct option.
Neelam’s annual income $= Rs. 2,88,000$
Her annual saving $= Rs. 36,000$
Her expenditure = Income - Savings $= Rs. 2,88,000 - Rs. 36,000 = Rs. 2,520$
$\therefore$ Ratio of her savings to her expenditure $=\frac{36000}{252000}$
$=\frac{1}{7}$ [On dividing numerator and denominator by $36000$]
$= 1 : 7$
Hence, $(b)$ is the correct option.