A family increases its monthly income by 10% but their monthly expenditure rises by 20%. If their original monthly income was ₹45,000 and monthly expenditure was ₹36,000, what is the new monthly savings after the increase?
₹6,300
New income: \(45000\times1.10 = 49500\). New expenditure: \(36000\times1.20 = 43200\).
New savings: \(49500-43200 = 6300\).
Hence, the new monthly savings after the increase is ₹6,300.
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