Mrs. Jain invests 14 % of her monthly salary, | vedclass

Name: Exam Paper Generator | JEE NEET Paper Generator | Vedclass
Brand: Vedclass
Rating: 5 (35 reviews)

Question

(D) Step $1$: Calculate the total percentage of monthly salary invested.Total percentage $= 14 \% + 21 \% + 6.5 \% = 41.5 \%$.Step $2$: Find the total

Vedclass · Accepted Answer

$249498$

Vedclass · Answer

(D) Step $1$: Calculate the total percentage of monthly salary invested.Total percentage $= 14 \% + 21 \% + 6.5 \% = 41.5 \%$.Step $2$: Find the total monthly investment.Given that $14 \%$ of the monthly salary $= Rs. 7014$.Therefore,$1 \%$ of the monthly salary $= \frac{7014}{14} = Rs. 501$.Total monthly investment $= 41.5 \% 	imes 501 = Rs. 20791.5$.Step $3$: Calculate the total annual investment.Annual investment $= 20791.5 	imes 12 = Rs. 249498$.

Mrs. Jain invests $14 \%$ of her monthly salary,i.e.,$Rs. 7014$ in Insurance Policies. Later she invests $21 \%$ of her monthly salary on Family Mediclaim Policies; also she invests another $6.5 \%$ of her salary on Mutual Funds. What is the total annual amount invested by Mrs. Jain?

Similar Questions

What fraction is $0.6 \%$?

$15 \%$ of $10 \%$ of $20 \%$ of $1000$ is?

The population of a town is $123,456,789$. It increases by $10\%$ during the first year,$20\%$ during the second year,and $30\%$ during the third year. What is the average percentage increase during the three years?

$134 \%$ of $3894 + 38.94$ of $134 = ?$

Anil's monthly income is $30 \%$ more than Ashok's. Ashok's monthly income is $10 \%$ less than Manoj's. If the difference between the monthly income of Anil and Manoj is $₹ 1360$,what is the monthly income of Ashok?

Vedclass Test Series

Exam Paper Generator

Online Exam Module