Question 115

A man spends his three months’ income in four months’ time. If is monthly income is ₹ 1,000, then his annual saving is

Solution

Given, Monthly income of man = ₹ 1,000

Man spends three months income in four months time

$$=$$> For every 4 months man saves 1 moth income

$$=$$> For 12 months the man saves 3 months income i.e, 3 x 1000 = ₹ 3,000

Hence, the correct answer is Option D

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