Question 5.
Manu earns ₹4000 per month and wants to save an average of ₹550 per month in a year. In the first nine months, his monthly expense was ₹3500, and he foresees that, tenth month onward, his monthly expense will increase to ₹3700. In order to meet his yearly savings target, his monthly earnings, in rupees, from the tenth month onward should be
A
4200
B
4400
C
4300
D
4350
Question Explanation
Text ExplanationVideo Explanation
Savings target in a year = 550*12 = Rs 6600
Saving in first 9 months = 9(4000-3500) = Rs 4500
Saving for remaining 3 months should be 6600-4500, i.e. Rs 2100
Savings for each month in last 3 months = 2100/3 = Rs 700
It is given, monthly expenses in last 3 months = Rs 3700
This implies, his monthly earnings from 10th month should be 3700+700, i.e. Rs 4400
The answer is option B
