Step-by-step explanation:
Since the ratio of monthly income to savings of the family is 7:2, we assume that the income be 7t and savings be 2t
Now, we are given that the savings is =Rs 500
So, According to our assumption, 2t=500
⇒t=250
Hence, the income of the family is =7×250=Rs 1750
And the expenditure is =Income−Savings
=Rs 1750−Rs 500
=Rs 1250
