Salil's monthly salary is ₹13,000. He spends ₹5,000 on house rent and ₹3,000 on bills, and the remaining amount is his monthly saving. If he spends his entire monthly saving in his birthday month, find his saving for one year.

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Answer & Explanation

Correct AnswerB. 55000

Quick Explanation

Monthly saving = 13000 - 5000 - 3000 = 5000. He saves for 11 months only, so yearly saving = 11 × 5000 = 55000.

Annual saving = monthly saving*11

Monthly saving = 13000 - 5000 - 3000 = 5000. He saves for 11 months only, so yearly saving = 11 × 5000 = 55000.

Use the standard formula directly after identifying the quantities.

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