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Varuns monthly income is 18000 he spends 1/5 of his income for house rent and 3/5 of his income on other expenditure how much does he save every month

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  1. 4 July, 14:48
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    Answer: Varun saves 3,600 every month

    Step-by-step explanation: Varun's income in the first instance is fixed at 18000, and out of this amount he spends 1/5 on house rent. We shall now determine the amount represented by 1/5 as follows;

    Total income = 18000

    House rent = 1/5

    Rent expense = 1/5 of 18000

    Rent expense = 1/5 * 18000

    Rent expense = 3600

    he also spends 3/5 on other expenditure

    Other expenditure = 3/5 of 18000

    Other expenditure = 3/5 * 18000

    Other expenditure = (3 * 18000) / 5

    Other expenditure = 54000/5

    Other expenditure = 10800

    His expenses therefore have been derived as

    Total expenditure = 3600 + 10800

    Total expenditure = 14400

    His savings per month therefore is derived as;

    Total income - total expenditure = savings

    18000 - 14400 = savings

    3600 = savings

    Therefore, Varun saves 3,600 every month
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