The monthly income of a person is ₹25,000. He spends 80% of his income and saves the rest. His nominal income and his nominal spending both increased by 10%. What will be his new savings?
- AOption (a)
₹5,500
- BOption (b)
₹6,000
- COption (c)
₹5,750
- DOption (d)
₹5,000
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Correct answer
₹5,500
