The monthly income of Anvita was ₹28,500, and her monthly expenditure was ₹22,500. Next year, her income increased by 16% and her expenditure increased by 10%. Find the percentage increase in her savings.
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Correct answer: C
Explanation
The correct answer is Option 3 i.e. 38.5 Percent
Original savings,
Income = ₹28,500, Expenditure = ₹22,500
⇒Original Savings = 28,500 − 22,500 = ₹6,000
New income = 28,500 + 16% of 28,500 = ₹33,060
New expenditure = 22,500 + 10% of 22,500 = ₹24,750
New savings = ₹33,060 − ₹24,750 = ₹8,310
Increase in savings = 8,310 − 6,000 = ₹2,310
Percentage increase = = 38.5%