Question Paper from: IBPS Clerk Prelims 2016

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?

Rs. 3275

Rs. 3450

Rs. 3625

Rs. 3800

none of these

Solution:

Chapter Name: Profit and Loss

Monthly salary = $\frac{1750 \times 100}{14}$ = 12500

Total monthly salary invested by him = $\frac{14 + 8 + 7}{100}$ $\times$ 12500 = = 3625

Annual investment = 12 × 3625 = 43500

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IBPS Clerk Prelims 2016

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