A cook earns ₹8,400 per month. If she spends 60% of it each month, how much will she save (in ₹) by one-fourth of a year?
Given:
Monthly earning = ₹8,400
Spending = 60% of earning
Saving = 40% of earning
Time = one-fourth of a year = 3 months
Formula Used:
Saving per month = Earning × Saving%
Total saving = (Saving per month) × (Number of months)
Solution:
Saving per month = ₹8,400 × 40% = ₹8,400 × 0.40 = ₹3,360
Total saving in 3 months = ₹3,360 × 3 = ₹10,080
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