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The monthly income of Manisha was Rs1,20,000 and her monthly expenditure was Rs55,000. Next year, her income increased by
22% and her expenditure increase by 10%. Find the percentage increase in her savings (correct to 2 decimal place).
28.16%
26.25%
32.15%
30.08%
- Initially, Manisha's income is Rs 1,20,000 and expenditure is Rs 55,000.
- Her initial savings are Rs 1,20,000 - Rs 55,000 = Rs 65,000.
- Next year, income increases by 22%: Rs 1,20,000 * 1.22 = Rs 1,46,400.
- Expenditure increases by 10%: Rs 55,000 * 1.10 = Rs 60,500.
- New savings next year: Rs 1,46,400 - Rs 60,500 = Rs 85,900.
- Increase in savings: Rs 85,900 - Rs 65,000 = Rs 20,900.
- Percentage increase in savings: (Rs 20,900 / Rs 65,000) * 100 = 32.15%.
- Therefore, the percentage increase in her savings is 32.15%.
Correct Answer: Option 3, 32.15%
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