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Manu earns Rs. 40004000 per month and wants to save an average of Rs. 550550 per month in a year. In the first nine months, his monthly expense was Rs. 35003500, and he foresees that, tenth month onward, his monthly expense will increase to Rs. 37003700. In order to meet his yearly savings target, his monthly earnings, in rupees, from the tenth month onward should be

Solution

✅ Correct Option: 4

Manu wants to save an average of Rs. 550 per month over the entire year. This means:

Total yearly savings target = Rs. 550 × 12 months = Rs. 6600


Income for first 9 months:

Monthly income = Rs. 4000

Total income = Rs. 4000 × 9 = Rs. 36000

Expenses for first 9 months:

Monthly expense = Rs. 3500

Total expenses = Rs. 3500 × 9 = Rs. 31500

Savings achieved in first 9 months:

Savings = Income - Expenses

Savings = Rs. 36000 - Rs. 31500 = Rs. 4500


Since Manu has already saved Rs. 4500 in the first 9 months, he needs to save the remaining amount in the last 3 months.

Required savings for last 3 months:

Total target - Already saved = Rs. 6600 - Rs. 4500 = Rs. 2100


Expected expenses for last 3 months:

Monthly expense = Rs. 3700 (given that expenses increase)

Total expenses = Rs. 3700 × 3 = Rs. 11100

Required total income for last 3 months:

To achieve Rs. 2100 savings with Rs. 11100 expenses

Required income = Savings + Expenses = Rs. 2100 + Rs. 11100 = Rs. 13200


Monthly earnings needed from 10th month onward:

Rs. 13200 ÷ 3 months = Rs. 4400 per month

Therefore, Manu needs to earn Rs. 4400 per month from the tenth month onward to meet his yearly savings target.

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