The monthly income of Reena was ₹75,200, and her monthly expenditure was ₹22,500. Next year, her income increased by 25% and her expenditure by 14%. Find the percentage increase in her savings (rounded off to 2 decimal places).
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Correct answer: D
Explanation
The correct answer is Option 4 i.e. 29.70%.
Initial savings = 75200 – 22500 = ₹52700
New income = 75200 × 1.25 = ₹94000
New expenditure = 22500 × 1.14 = ₹25650
New savings = 94000 – 25650 = ₹68350
Increase = 68350 – 52700 = ₹15650
% Increase = × 100 = 29.70%