Mrs. Sharma invests 15% of her monthly salary, i.e., Rs 4428 in Mutual

1.	Mrs. Sharma invests 15% of her monthly salary, i.e., Rs 4428 in Mutual funds. Later she invests 18% of her monthly salary on Pension plans; also she invests another 9% of her salary on Insurance policies. What is the total monthly amount invested by Mrs. Sharma ? (a) Rs 1,13,356.80 (b) Rs 12,398.40 (c) Rs 56, 678.40 (d) None of these
Answer» (b) Rs 12,398.40 Let Mrs. Sharma’s monthly salary be Rs x. Then, 15% of x = Rs 4428 \(\Rightarrow\) x = Rs \(\frac{4428\times 100}{15}\) = Rs 29520 \(\therefore\) Total monthly amount invested by Mrs. Sharma = (15% + 18% + 9%) of Rs 29520 = 42% of Rs 29250 = \(\frac{42}{100}\) x 29250 = Rs 12398.40.

Mrs. Sharma invests 15% of her monthly salary, i.e., Rs 4428 in Mutual funds. Later she invests 18% of her monthly salary on Pension plans; also she invests another 9% of her salary on Insurance policies. What is the total monthly amount invested by Mrs. Sharma ? (a) Rs 1,13,356.80 (b) Rs 12,398.40 (c) Rs 56, 678.40 (d) None of these

Answer»

(b) Rs 12,398.40

Let Mrs. Sharma’s monthly salary be Rs x. Then, 15% of x = Rs 4428

\(\Rightarrow\) x = Rs \(\frac{4428\times 100}{15}\) = Rs 29520

\(\therefore\) Total monthly amount invested by Mrs. Sharma = (15% + 18% + 9%) of Rs 29520

= 42% of Rs 29250 = \(\frac{42}{100}\) x 29250

= Rs 12398.40.