R earns ₹55,000 per month and his annual expenditure is ₹4,50,000. What is his percentage of savings per annum?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. 31.82%.
Annual income = 55,000 × 12 = ₹6,60,000
Savings = 6,60,000 − 4,50,000 = ₹2,10,000
Savings% = × 100 = 31.82%