## A person saves 6% of his income. Two years later, his income shoots up by 22% but his savings remain the same. Find the hike in his expendit

Question

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## Answers ( )

Answer:let the income be x

savings = 6%

after two years,income increase = 22%

∴ income increase =

income saved = 6%

[tex]expenditure\ hike = expenditure\ of\ present\ year – expenditure\ two\\ years \ later\\ = \frac{12932x}{10000}-\frac{106x}{100} \\\\= \frac{12932x}{10000}-\frac{106x(100)}{100(100)} \\\\= \frac{12932x}{10000}-\frac{10600x}{10000} \\\\=\frac{12932x-10600x}{10000}\\\\=\frac{2332x}{10000}\\\\=\frac{583x(4)}{2500(4)}\\\\=\frac{583x}{2500}\\\\[/tex]

Step-by-step explanation:## Thus expenditure hike is %