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.
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