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Question

'R' spends 30% of his monthly income on utilities, 35% on household expenses, and 10% of the remaining amount on transportation. He saves the rest in a savings account that gives simple interest at a rate of 12% per annum. Find the amount 'R' will get at the end of the year if his spending on transportation is Rs. 800 per month.

A Rs.8064

B Rs.8000

C Rs.4508

D Rs.7508

E None of these

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