Question

Anchal allocates a portion of his salary for various purposes. He invests 10% of his salary in a Provident Fund (P

  • F and then spends 30% of what's left on a Systematic Investment Plan (SI
  • P . If the sum designated for the PF is Rs. 4800, what is the amount spent on SIP?
A Rs.12960
B Rs.12900
C Rs.12500
D Rs.12000
E none of these
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