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Question

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 A

True


Expenditure = Annual income - saving amount
= Rs 288000 - Rs 36000
= Rs 252,000
Ratio of her savings to her expenditure = 36000 : 252,000
= 1:7


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