1.

Mr. Prakash invests 24% of her monthly salary, i.e. Rs. 12,024 in Insurance Policies. Later he invests 15% of his monthly salary on Family Med claim Policies; also he invests another 17% of his salary on Mutual Funds. What is the total annual amount invested by Mr. Prakash?1). Rs. 2,35,0502). Rs. 3,50,1003). Rs. 3,42,5504). Rs. 3,36,672

Answer»

Let the total monthly salary of Mr. PRAKASH = Rs. x

Given: 24% of x = Rs. 12,024

Thus, (24/100) × x = 12024

∴ x = Rs. 50,100

Total monthly salary of Mr. Prakash = Rs. 50,100

He also invested 15% on family med claim and 17% on MUTUAL Funds.

Thus, total INVESTMENTS = (24 + 15 + 17) % of 50100

= 56 % of 50100

= (56/100) × 50100

= Rs.28056

Thus, total ANNUAL amount invested by Mr. Prakash = 12 × 28,056 = Rs. 3,36,672.


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