Ravinder invests ₹ 3,750 which is equal to 15% of his monthly salary in a medical insurance policy. Later he invests 25% and 8% of his monthly salary on a child education policy, and mutual funds, respectively. The total amount left with him is:
Answer & explanation
Correct answer: option 4
15% = \(\frac{3}{20}\)
ATQ ,
3R = 3750
1R = \(\frac{3750}{3}\) = 1250
Salary = 20 × 1250 = 25000
Amount left with = 100% - 25% - 8% - 15% = 52%
Amount left = \(\frac{52}{100}\) × 25000 = 13000