P increased his savings amount by 40 every month starting with Rs 540

1.	P increased his savings amount by 40 every month starting with Rs 540 for the 1st month. Q increased his savings by 30 every month starting from Rs 590 for the 1st month. Find the ratio of their savings after 8 months?1. 41 : 402. 40 : 413. 20 : 414. 41 : 31
Answer» Correct Answer - Option 1 : 41 : 40 Given: P increased his savings amount by 40 every month starting with Rs. 540 for the 1^st month. Q increased his savings by 30 every month starting from Rs. 590 for the 1^st month. Formula: Ratio of Profit = ratios of product of Amount invested and time Calculation: Given, P increased his savings amount by 40 every month starting with Rs. 540 for 1^st month P’s savings after 8 months = 540 + 7 × 40 = 540 + 280 = 820 Q’s savings after 8 months = 590 + 7 × 30 = 590 + 210 = 800 Required ratio = 820 : 800 ⇒ 41 : 40 ∴ The ratio of their savings after 8 months is 41 ∶ 40.

P increased his savings amount by 40 every month starting with Rs 540 for the 1st month. Q increased his savings by 30 every month starting from Rs 590 for the 1st month. Find the ratio of their savings after 8 months?1. 41 : 402. 40 : 413. 20 : 414. 41 : 31

Answer» Correct Answer - Option 1 : 41 : 40

Given:

P increased his savings amount by 40 every month starting with Rs. 540 for the 1^st month. Q increased his savings by 30 every month starting from Rs. 590 for the 1^st month.

Formula:

Ratio of Profit = ratios of product of Amount invested and time

Calculation:

Given, P increased his savings amount by 40 every month starting with Rs. 540 for 1^st month

P’s savings after 8 months = 540 + 7 × 40 = 540 + 280 = 820

Q’s savings after 8 months = 590 + 7 × 30 = 590 + 210 = 800

Required ratio = 820 : 800

⇒ 41 : 40

∴ The ratio of their savings after 8 months is 41 ∶ 40.

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