Question
Download Solution PDFDavid's salary is Rs 13000 per month. He spends 5000 on house rent, 1500 on bills and the remaining amount is his monthly savings. Find his savings in one year (in 1), if in the month of his birthday he spends his entire monthly savings to celebrate his birthday.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
David's monthly salary = ₹13000
Monthly spending on house rent = ₹5000
Monthly spending on bills = ₹1500
Number of months in a year = 12
Savings in the birthday month = ₹0
Formula Used:
Monthly savings = Monthly salary - (Monthly spending on house rent + Monthly spending on bills)
Total savings in a year = (Number of months - 1) × Monthly savings
Calculation:
David's monthly spending = ₹5000 + ₹1500 = ₹6500
David's monthly savings (excluding birthday month) = ₹13000 - ₹6500 = ₹6500
Number of months with savings = 12 - 1 = 11 months
Total savings in one year = 11 × ₹6500 = ₹71500
David's savings in one year is ₹71500.
Last updated on May 26, 2025
->The Punjab Police Constable Exam Hall Ticket 2025 has been released on the official website of Punjab Police for the examination to be held from 31st May to 8th June 2025.
> The Punjab Police Constable 2025 Exams have started from 4th May onwards.
-> According to the official notification, the Punjab Police has announced a total of 1746 Vacancies for the post of District Police Cadre and Armed Police Cadre.
-> Eligible and Interested candidates can apply from 21st February 2025 to 13th March 2025.
-> The candidates will be selected based on their performance in the computer based test, physical measurement test, physical screening test, and document scrutiny.
-> Candidates can go through the Punjab Police Constable Preparation Tips to give a boost to their preparation.
-> Selected candidates will be getting a salary of INR.19,900 per month.