The monthly income of a person was Rs. 27,000 and his monthly expenditure was Rs. 18,000. In the next year, his income increased by 28% and his expenditure increased by 14%. Find the percentage increase in his savings.
Old Savings = Old Income - Old Expenditure = 27000-18000 = 9000
New Income = 27000+ 28% of 27000 = 34560
New Expenditure = 18000+ 14% of 18000 = 20520
New Savings = 34560- 20520 = 14040
Percentage increase in his savings =
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