A year ago, Ram’s income was Rs. 20000 per month and expenditure was Rs. 16,000 per month. Now if his income is increased by 10% and expenses increased by 15%. What would be the net change in his savings per month?

1
Decreased by Rs. 500
2
Increased by Rs. 500
3
Decreased by Rs. 400
4
Increased by Rs. 400

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