Question

A man deposited 40% of his salary to a bank which offers

Q: Answer-A man deposited 40% 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 3990 0.21x 3990, x 19000 So, monthly income of man 190000.4 Rs. 47500 Required monthly expenditure of man 55 of 47500 Rs. 26125

compound interest at the rate of 10% p.a. If the interest earned by him from the bank after 2 years is Rs. 3990, find the monthly expenditure of the man which is 55% of his monthly salary.

A Rs. 38080

B Rs. 44880

C Rs. 47700

D Rs. 26125

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UPSC EO/AO

A man deposited 40% of his salary to a bank which offers

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