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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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