Question

Mrs Sharma invests $15\%$ of her monthly salary that is Rs. $4428$ in Mutual funds. Later she invests $18\%$ of her monthly salary on Pension plans also she invests another $9\%$ of her salary on Insurance policies. What is the total monthly amount invested by Mrs Sharma?

• A. Rs. $113356.80$
• B. Rs. $12398.40$
• C. Rs. $56678.40$
• D. None of these

Answer 1

Answer: (B)

Rs. $12398.40$

Let Mrs. Sharma's monthly salary be Rs.$x$

Then $15\%$ of $x=$ Rs. $4428$
$\Rightarrow x=$ Rs. $\frac{4428\times 100}{15}=$ Rs. $29520$
$\therefore$ Total monthly amount invested by Mrs. Sharma $=(15\%+18\%+9\%)$ of Rs. $29250$
$=42\%$ of Rs. $29250$

$=\frac{42}{100}\times 29250$

$=$ Rs. $12398.40$