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Let monthly income = Rs. 100y Spending on rent = 100y × 0.25 = Rs. 25y Spending on groceries = 100y × 0.4 = Rs. 40y Spending on entertainment = (100y – 25y – 40y) × 0.15 = Rs. 5.25y Savings = 100y – 25y – 40y – 5.25y = Rs. 29.75y Now, 5.25y = 900 Or, 29.75y = 5100 Total interest paid by the fixed deposit: = P × r × t = 5100 × 8 × 1/100 = Rs. 408 Amount = 5100 + 408 = Rs. 5508
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