Manu earns ₹4000 per month and wants to save an average of ₹550 per month in a year. In the first nine months,

Question

Manu earns ₹4000 per month and wants to save an average of ₹550 per month in a year. In the first nine months, his monthly expense was ₹3500, and he foresees that, tenth month onward, his monthly expense will increase to ₹3700. In order to meet his yearly savings target, his monthly earnings, in rupees, from the tenth month onward should be

Select an option to reveal the answer and explanation

Accepted Answer

4400. Savings target in a year = 550*12 = Rs 6600 Saving in first 9 months = 9(4000-3500) = Rs 4500 Saving for remaining 3 months should be 6600-4500, i.e. Rs 2100 Savings for each month in last 3 months = 2100 3 \frac{2100}{3} 3 2100 ​ = Rs 700 It is given, monthly expenses in last 3 months = Rs 3700 Thi