Question

A man deposited 25% of his salary to a bank which offers

Q: Answer-A man deposited 25% of his salary to a bank which offers compound interest at the rate of 10% p.a. I...

Let the amount of money deposited in the bank be Rs. x. So, x 1.12 1 3780 0.21x 3780, x 18000 So, monthly income of man 180000.25 Rs. 72000 Required monthly expenditure of man 56 of 72000 Rs. 40320

compound interest at the rate of 10% p.a. If the interest earned by him from the bank after 2 years is Rs. 3780, find the monthly expenditure of the man which is 56% of his monthly salary.

A Rs. 38080

B Rs. 44880

C Rs. 47700

D Rs. 40320

E Rs. 26125

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