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A man earns ₦150,000 per month and his wife earns ₦125,000 per month. If the...


Question

A man earns ₦150,000 per month and his wife earns ₦125,000 per month. If they both decide to save 10% of their salaries into a couple's account with a bank how much will they have after 10 months of savings?

Options

A) ₦150,000

B) ₦330,000

C) ₦275,000

D) ₦125,000

The correct answer is C.

Explanation:

Man = ₦150,000
Wife = ₦125,000
If they decide to save 10% of there salary which is ₦150000 ÷ 10 = ₦15000 and ₦125000 ÷ 10 = ₦12500, for 10 months in a couples account, they will have ₦15000 + ₦12500 = ₦27500.
In 10 months, it will be ₦27500 × 10 which is ₦275000. That's the answer.

Explanation provided by Okonkwo Miracle


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Discussion (2)

  • man earns = #150,000 wife earns = #125,000 10% of their salary is man:150,000 divided by 10 =15000 wife 10 %=125,000 divided by 10 =12500 so the amount to be saved in the couples account will be 15000 + 12500 = 27500 so in 10 months time it will be 27500 times 10 =275000

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  • Man = ₦150,000
    Wife = ₦125,000
    If they decide to save 10% of there salary which is ₦150000 ÷ 10 = ₦15000 and ₦125000 ÷ 10 = ₦12500, for 10 months in a couples account, they will have ₦15000 + ₦12500 = ₦27500.
    In 10 months, it will be ₦27500 × 10 which is ₦275000. That's the answer.

    Reply
    Like