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

a) Amount spent Rs 15000

Amount saved is Rs 9000

b) it will take him 6 years

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:

`(5)/(8) * 24000 = 15000`

The amount he saves is:

`(3)/(8) * 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.

`(54000)/(9000) = 6`