Question
Anchal allocates a portion of his salary for various
purposes. He invests 10% of his salary in a Provident Fund (PF) and then spends 30% of what's left on a Systematic Investment Plan (SIP). If the sum designated for the PF is Rs. 4800, what is the amount spent on SIP?Solution
ATQ, Let the Salary of the Anchal be Rs.'a'. Amount spent on PF = 0.10a = Rs.4800 Total Salary of the Anchal = 4800/0.1 = Rs.48000 Amount spent on SIP is = 0.3 × 0.9a = 0.27a = 48000 × 0.27 = Rs.12960
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