Question

Aman spends 30% of his income, monthly income, on fuel.

Q: Answer-Aman spends 30% of his income, monthly income, on fuel. 40% in basic needs and 20% of the remaining...

Let monthly income equal to Rupees 100 X. Spending on fuel 100x 0.3 30x Spending on basic needs 100x0.4 40x Spending on education 100x-30x-40x 0.2 6x 6x 1200 Saving 24x 24x 4800 Total interest by recurring scheme. 4800151001213212 Rs. 4680 Amount 4800124680 Rs. 62280

40% in basic needs and 20% of the remaining in education. He saves the rest of them all in a recurring deposit which gives out simple interest at the rate of 15% per annum. Find the amount. Aman will get at the end of year if his spending on education is rupees 1500 per month.

A 56680

B 63458

C 62280

D 66820

E 65680

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Aman spends 30% of his income, monthly income, on fuel.

Solution