Question 62

The respective ratio between the monthly salary of Neil and that of Dipti is 5 : 6. Neil and Dipti, both save 40% and 25% out of their respective monthly salary. Neil invests all of his savings in LIC and Dipti invests all of her savings in LIC. If Neil invests Rs. 1,750/more than Dipti in LIC, what is Neil's monthly salary ?

Solution

let the monthly salary of neil and dipti be 5y and 6y

Now as neil save 40 % of monthly salary and dipti save 25% .so saving of neil = 0.4 x 5y = 2y

Savings of dipti = 0.25 x 6y = 1.5 y

It is given that 2y - 1.5y = 1750

0.5y = 1750

y = 3500

So salary of neil = 5y = 17500

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