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Question

'Q' spends 25% of his monthly income on rent, 40% on groceries, and 15% of the remaining amount on entertainment. He saves the rest of the money in a fixed deposit that gives simple interest at a rate of 8% per annum. Find the amount 'Q' will get at the end of the year if his spending on entertainment is Rs. 900 per month.

A Rs.5600

B Rs.5000

C Rs.4508

D Rs.5508

E None of these

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