Question

Ms.Sujata invests 7%, i.e., Rs 2170 of her monthly salary in mutual funds. Later she invests 18% of her monthly salary in a recurring deposit. Also, she invests 6% of her salary on NSC's. What is the total annual amount invested by Ms. Sujata?

• A. Rs 1,25,320
• B. Rs 1,13,520
• C. Rs 1,35,120
• D. Rs 1,15,320
• E. None of these

Answer 1

The correct option is D Rs 1,15,320

Let her monthly salary be Rs x.
According to the question.
$\frac{7}{100}\times x=2170\Rightarrow x=\frac{2170\times 100}{7}=Rs31000$
Total monthly investment =(18+6+7)% of 31000
$=\frac{31}{100}\times 31000=9610$
Total annual investment =$12\times 9610=Rs115320$