Question

'T' spends 20% of his monthly income on education, 35%

Q: Answer-'T' spends 20% of his monthly income on education, 35% on medical expenses, and 15% of the remaining...

Let monthly income Rs. 100b Spending on education 100b 0.2 Rs. 20b Spending on medical expenses 100b 0.35 Rs. 35b Spending on leisure activities 100b 20b 35b 0.15 Rs. 6.75b Savings 100b 20b 35b 6.75b Rs. 38.25b Now, 6.75b 750 Or, 38.25b 4250 Total interest paid by the bank deposit P r t 4250 7 1100 Rs. 297.50 Amount 4250 297.50 Rs. 4547.50

on medical expenses, and 15% of the remaining amount on leisure activities. He saves the rest in a bank deposit that gives simple interest at a rate of 7% per annum. Find the amount 'T' will get at the end of the year if his spending on leisure activities is Rs. 750 per month.

A Rs.6064.25

B Rs.4547.50

C Rs.5508.66

D Rs.7508.88

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