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Budgeting

The document provides a series of financial scenarios related to budgeting, savings, investments, debt, loans, income, and taxes. It includes calculations for expenses, savings goals, interest accrued, and tax obligations based on given income and rates. Each scenario requires basic arithmetic to determine financial outcomes over specified periods.

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Keshav Singh Punia
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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1 views

Budgeting

The document provides a series of financial scenarios related to budgeting, savings, investments, debt, loans, income, and taxes. It includes calculations for expenses, savings goals, interest accrued, and tax obligations based on given income and rates. Each scenario requires basic arithmetic to determine financial outcomes over specified periods.

Uploaded by

Keshav Singh Punia
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Budgeting & Expenses

1. If your monthly income is $5,000 and you allocate 30% for rent, how much do you spend on
rent?

2. You spend $200 on groceries per week. How much do you spend in a year?

3. If you reduce your daily coffee expense from $5 to $3, how much will you save in a month?

4. Your monthly budget is $6,000, and you save 20% of it. How much do you save?

5. You plan to buy a laptop worth $1,200. If you save $150 per month, how many months will it
take to buy the laptop?

Savings & Investments

6. If you invest $10,000 at an annual interest rate of 8%, how much will it be worth after one
year?

7. You deposit $500 every month in a savings account. How much will you have after one year?

8. If an investment grows at 10% annually, how much will $5,000 become in 3 years
(compounded annually)?

9. You aim to save $12,000 in a year. If you save equally each month, how much should you
save per month?

10. If you start investing $200 per month at a 12% annual return, how much will you have after
10 years?

Debt & Loans

11. You take a loan of $10,000 at 10% annual simple interest. How much interest will you pay in
3 years?

12. If your monthly EMI for a loan is $350 for 5 years, what is the total amount you will pay?

13. You have a $5,000 credit card bill with 18% annual interest. How much interest will you pay
in a year if unpaid?

14. If you pay $1,000 extra per year on your $50,000 home loan, how much will you pay off in 5
years?

15. A bank offers a personal loan of $20,000 at 12% interest for 4 years. What will be the total
repayment amount?

Income & Taxes

16. If your salary is $8,000 per month and your tax rate is 10%, how much tax do you pay
annually?

17. You get a 5% salary hike on $6,000 per month. What will be your new salary?

18. If you earn $10,000 annually from investments and pay 15% tax, how much is your after-tax
income?

19. You earn $2,500 from a part-time job and invest it at 6% annual interest. How much will you
earn in interest after 2 years?
20. If inflation is 7% per year, how much will $10,000 be worth in 5 years in today’s money?

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