The monthly income of a person was $\text{Rs. } 40000$ and his monthly expenditure was $\text{Rs. } 24000$. Next year, his income increased by $18\%$ and his expenditure increased by $12\%$. By what percentage did his savings increase?
Options:
- A: $24\%$
- B: $25\%$
- C: $27\%$
- D: $30\%$
Related Practice Questions:
- A sum of ₹4000 is invested at compound interest for 2 years at a rate of 10% per annum. What will be the total amount at the end of 2 years?
- At what rate of simple interest per annum will a sum of money double itself in 8 years?
- The difference between the compound interest and simple interest on a certain sum of money for 2 years at 5% per annum is ₹25. Find the sum.
- The study of living organism :
Loading Preview