Question
Anchal allocates 20% of his monthly salary to
transportation, dedicates 50% to shopping, and invests 20% of the remaining balance in food expenses. The remaining amount is saved in mutual funds, yielding a simple interest at a rate of 10% per annum. Determine the total amount Anchal will possess at the end of the year, given that he spends Rs. 1200 per month on food.Solution
ATQ, Let, monthly Salary = Rs. 100a Spending on Transportation = 100a × 0.2 = Rs. 20a Spending on Shopping = 100a × 0.5 = Rs. 50a Spending on Food = (100a – 20a – 50a) × 0.2 = Rs. 6a Savings in Mutual funds = 100a – 50a – 20a – 6a = Rs. 24x Now, 6a = 1200 Or, 24a = 4800 Total interest paid by recurring scheme = P. r. n (n + 1)/(2 × 12 × 100) = 4800 × 12 × (12 + 1) × 10/(2 × 12 × 100) = Rs. 3120 Amount = 4800 × 12 + 3120 = Rs 60720
A certain number of people are sitting in a row, facing north. Only two people sit between K and L. L sits third to the right of M. Only three people si...
Six students, P, Q, R, S, T and U have been instructed to keep their books on six different shelves of a bookshelf having only six shelves one over the ...
In a certain code language, saroj learns taxes' is written as 'vi ti ui' and 'priya paid taxes' is written as 'pi vi wi'. How is 'taxes' written in the ...
Examine the following statements:
1. All colours are pleasant.
2. Some colours are pleasant.
3. No colour is pleasant
4...
Select the option which is related to the fifth letter-cluster in the same way as the second letter-cluster is related to the first letter-cluster and t...
In the question given below, three statements are given, followed by two conclusions I and II. You have to consider the statement/statements to be true ...
Three statements are followed by four conclusions numbered I, II, III and IV. You have to consider these statements to be true, even if they seem at va...
Two dimensions of the same dice are given. What letter will be on the face opposite to the face having the letter D?
Each of the digits in the number 56249324861 is arranged in ascending order from left to right. What will be the sum of the digits which are second from...
Statements:
Some rats are mats.
All mats are ants.
Conclusions:
I. Some rats are ants.
II. Some ants are mats.
Relevant for Exams:
