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    Question

    The annual income of Nittu is Rs.120000. She spends 15%

    on EMS monthly. From the rest she spends '2b'% on clothes. From the remaining she invests in MF and SIP in the ratio of 5:3 respectively. If the amount invest on MF is Rs. 4250, then find the value of 'b'.
    A 10 Correct Answer Incorrect Answer
    B 25 Correct Answer Incorrect Answer
    C 20 Correct Answer Incorrect Answer
    D 25 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ, Monthly Income = 10,000, EMS = 15%, So 1,500. Remaining = 8,500. Spends on clothes = 2b%. Remaining after clothes = 8,500 × (1− (2b/100)). Investment: MF to SIP ratio = 5:3. MF amount = (5/8) × Remaining after clothes Given MF = 4,250 Solve:-                              

    Hence, the value of 'b' is 10.

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