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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 |
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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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