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  • A person saves 6% of his income. Two years later, his income shoots up by 15% but his savings remain the same. Find the hike in his expenditure.

A person saves 6% of his income. Two years later, his income shoots up by 15% but his savings remain the same. Find the hike in his expenditure.

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A person saves 6% of his income. Two years later, his income shoots up by 15% but his savings remain the same. Find the hike in his expenditure.

  • Option 1)

    15.95%

  • Option 2)

    15%

  • Option 3)

    14.8%

  • Option 4)

    16 %

  • Option 5)

    15.5%

Posted by

rishi.raj

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Let his income at present = 100 rs 

savings = 6 rs 

exp = 94 rs

After 2 year =  15%  increase

New income = 115 rs

saving = 6 rs 

expenditure = 109 rs 

now increase in exp = 109 -94 = 15 rs

 inc % = 15 / 94 * 100

1500/ 94

= 15.95 % Ans

 

 

 

 

Posted by

Manjot kaur

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