Select the correct answerBetween two consecutive years my income are in the ratio of 2 : 3 and expenses in the ratio 5 : 9. If my income in the second year is Rs.45000 and my expenses in the first year is Rs.25000. My total savings for the two years is?OptionsRs.10,000Rs.15,000Rs.20000Rs.5,000

To solve this problem, we need to first find out the income and expenses for both years.

Step 1: Find the income for the first year. Given that the income ratio for the two years is 2:3 and the income for the second year is Rs. 45000, we can set up the equation 3/2 = 45000/x, where x is the income for the first year. Solving for x, we get x = Rs. 30000.

Step 2: Find the expenses for the second year. Given that the expenses ratio for the two years is 5:9 and the expenses for the first year is Rs. 25000, we can set up the equation 5/9 = 25000/y, where y is the expenses for the second year. Solving for y, we get y = Rs. 45000.

Step 3: Calculate the savings for each year. Savings = Income - Expenses. So, the savings for the first year is Rs. 30000 - Rs. 25000 = Rs. 5000 and the savings for the second year is Rs. 45000 - Rs. 45000 = Rs. 0.

Step 4: Add up the savings for the two years. Total savings = Savings for the first year + Savings for the second year = Rs. 5000 + Rs. 0 = Rs. 5000.

So, the correct answer is Rs. 5,000.