Neelam’s annual income is Rs 288000, Her annual savings amount to Rs 36000. The ratio of her savings to her expenditure is 1:7.
A
True
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B
False
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Solution
The correct option is ATrue Expenditure = Annual income - Saving amount = Rs 288000 -Rs 36000 = Rs 252,000 Ratio of her savings to her expenditure = 36000 : 252,000 = 1:7