Aashish’s monthly salary is ₹12,000. He spends ₹5,500 on rent, ₹2,000 on…
2026
Aashish’s monthly salary is ₹12,000. He spends ₹5,500 on rent, ₹2,000 on bills, and the remaining amount is his monthly saving. If he spends his entire monthly savings in his birthday month, find his annual savings (in ₹).
- A.
45,000
- B.
54,000
- C.
40,500
- D.
49,500
Attempted by 25 students.
Show answer & explanation
Correct answer: D
Step 1: Calculate total monthly expenses.
Total Expenses = Rent + Bills = ₹5,500 + ₹2,000 = ₹7,500.
Step 2: Calculate the monthly saving.
Monthly Saving = Monthly Salary - Total Expenses
Monthly Saving = ₹12,000 - ₹7,500 = ₹4,500.
Step 3: Calculate the annual saving.
Since he spends his entire saving in his birthday month, he only saves for 11 months of the year.
Annual Savings = Monthly Saving × 11
Annual Savings = ₹4,500 × 11 = ₹49,500.
Final Answer: Option 4