Question

'S' spends 15% of his monthly income on travel, 45% on

Q: Answer-'S' spends 15% of his monthly income on travel, 45% on rent, and 10% of the remaining amount on groc...

Let monthly income Rs. 100a Spending on travel 100a 0.15 Rs. 15a Spending on rent 100a 0.45 Rs. 45a Spending on groceries 100a 15a 45a 0.1 Rs. 4a Savings 100a 15a 45a 4a Rs. 36a Now, 4a 700 Or, 36a 6300 Total interest paid by the investment scheme P r t 6300 9 1100 Rs. 567 Amount 6300 567 Rs. 6867

rent, and 10% of the remaining amount on groceries. He saves the rest in an investment scheme that gives simple interest at a rate of 9% per annum. Find the amount 'S' will get at the end of the year if his spending on groceries is Rs. 700 per month.

A Rs.6064

B Rs.6867

C Rs.5508

D Rs.7508

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