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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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