Rahul's monthly income is at ₹1,50,000. Of this, he saves at ₹1,500. Find the percentage of his savings.
Answer & explanation
Correct answer: option 4
Rahul monthly income is = 1,50,000
Saving = 150000 - 1500
Percentage of saving = \(\frac{1500}{150000}\) × 100 = 1%