Question 45
Mr. Shah’s monthly income is Rs. 54550. In an entire year, he spends 32% of his annual salaries on groceries, he spend 12% on repairs and 10% he pays to his servant. If half of the remaining amount he invests in fixed deposits, what is the amount invested by him in fixed deposits?
Solution
Remaining amount of amount in percent = 100 - 10 - 12 -32 = 46
The amount remaining with him = 46% of (54550*12)
= 3,01,116
The amount of invested in full deposit = 0.5*30116 = 1,50,558
The correct answer is option A.
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