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 Insuranc… — Answer & Discussion

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 ?

ARs 2,11,344
BRs 17,612
CRs 1,05,672
DRs 35,224

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CCommunity09 Apr 2019

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

CCommunity03 May 2019