Question 93

Ms. Sujata invests 7% i.e. Rs. 2170 of her monthly salary in mutual funds, Later she invests 18% of her monthly salary in recurring deposits also, she invests 6% of her salary on NSCs. What is the totel annual amount invested by Ms. Sujata ?

Solution

7% of Ms. Sujata monthly's salary = Rs. 2,170

=> Monthly salary = $$\frac{100}{7} \times 2170$$

= Rs. $$31,000$$

Percentage monthly investment by Sujata = 7 + 18 + 6 = 31 %

$$\therefore$$ Sujata's annual investment

= $$12 \times \frac{31}{100} \times 31,000$$

= Rs. $$1,15,320$$

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