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Question 73

Due to global recession Starting in January, Ram’s monthly salary of Rs 8000 was cut by 10%. The monthly expenses which were Rs 6000, increased at the rate of 5% per month. Since which month will he have no savings if the recession lasted for a year?

Solution

Ram's salary for each month = $$\frac{90}{100}\times8000=Rs.$$ $$7200$$

Expenses were increased at 5% each month

Thus, from the month of April, he wont have any savings.

=> Ans - (A)

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