Question

Ms Pooja Pushpan invests 13% of her monthly salary, i.e. Rs. 8554 in Mediclaim Policies, later invests 23% of her monthly salary on Child Education Policies. She invests another 8% of her monthly salary on Mutual Funds. What is the total annual amount invested by Ms Pooja Pushpan?

• A. Rs. 28952
• B. Rs. 43428
• C. Rs. 347424
• D. Rs. 173712
• E. None of these

Answer 1

The correct option is C Rs. 347424

Let Ms. Pooja Pushpan's monthly salary = Rs. x
According to the question,
13% of x = Rs. 8554
$\Rightarrow x=Rs.\left(\frac{8554\times 100}{13}\right)$
= Rs. 65800
Total monthly investment in percentage
= 13 + 23 + 8 = 44
$\therefore$ Total monthly investment
= 44% of Rs, 65800
= Rs. $\left(\frac{44\times 65800}{100}\right)$
= Rs. 28952
$\therefore$ Total annual investment
= Rs. $12\times 28952$
= Rs. 347424.