Ashish’s salary is ₹11,000 per month. He spends ₹4,000 on house rent and ₹1,500 on bills, and the rest of the amount is his monthly savings. Find his savings (in ₹) in a year, if in the month of his birthday, he spent all his monthly savings on birthday celebrations.​

Correct option is C

Given:

Ashish's monthly salary = ₹11,000

Monthly expenses:

House rent = ₹4,000

Bills = ₹1,500

In the month of his birthday, he spends all his savings on birthday celebrations.

Concept Used:

Monthly savings = Total salary - (House rent + Bills)

Annual savings = Monthly savings × 12 (but subtract the savings for the birthday month since it’s spent entirely).

Solution:

Monthly savings = 11,000 - (4,000 + 1,500) = 11,000 - 5,500 = 5,500

In the month of his birthday, Ashish spends all his savings on birthday celebrations, so his savings for that month is ₹0.

Annual savings for 11 months = 5,500 × 11 = 60,500

Ashish's savings in a year is ₹ 60,500