Question 88

Ms Deepti Jain invests 11% of her monthly salary ie Rs 5,236 in Fixed Deposits Later she invests 19% of her monthly salary on Life Insurance Policies also she invests another 7 % of her monthly salary on Mutual Funds what is the total annual amount invested by Ms Deepti Jain ?

Solution

Let x be monthly salary of Deepti Jain.
11%of x = 5,236.
x= 47600

Now total investment by Deepti Jain = Investment in Fixed Deposit + Investment in Mutual Funds + Investment in Insurance policies
                                                    = 19%+11%+7% = 37% of Salary = 37% of 47600
                                                    = 17,612


Total amount for 12 month = 12*17612 =2,11,344


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