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Applications (Word Problem)

Michael recei...

Question

Michael receives a monthly pocket money of $25$ . If he decides to save $20$ % of it, find his savings in a year.

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Solution

Pocket money received by Michael in 1 month $= R s . 25$
Pocket money received by Michael in 1 year $= 25 \times 12 = R s . 300$
As he decided to save $20 %$ of it.
His savings in a year $= \frac{20}{100} \times 300 = R s 60$

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