Mr. Ankit invests 14% of his monthly income every month i.e. Rs.1,750 in shares, 8% in Insurance policies and 7% in fixed deposits. What is the total annual amount invested by him?

1:

Rs. 3275

2:

Rs. 3450

3:

Rs. 3625

4:

Rs. 3800

5:

none of these

Monthly salary = $141750×100 $ = 12500

Total monthly salary invested by him = $10014+8+7 $ $×$ 12500 = = 3625

Annual investment = 12 × 3625 = 43500

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IBPS Clerk Prelims 2016

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