Joseph gets ₹5000 per month. He spends ₹4500 and saves the balance amount.
Find the simplest form of the ratio of his savings to income.

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Solution

The income of Joseph per month = ₹5000
The expenditure per month = ₹4500
Savings per month = ₹5000 - ₹4500 = ₹500
The ratio of savings to income = $\frac{₹ 500}{₹ 5000} = \frac{1}{10}$
So, the simplest ratio of his savings to income is 1 : 10.

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