Let the monthly salary be ₹x. Savings = 1/2 of remaining = ₹18,000 Remaining = 2 × 18,000 = ₹36,000 Rent + Food + Transportation = 40% + 20% + 10% = 70% Remaining = 30% of salary = ₹36,000 0.3x = ₹36,000 x = ₹36,000 / 0.3 = ₹1,20,000 Correct answer: b) ₹1,20,000
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If the ratio of the sum invested and simple interest received after 1 year is 25:16 respectively, then find the rate of interest.
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Some amount out of Rs. 15000 was lent out at 10% per annum and the rest amount @ 16% per annum and thus in 4 years the total interest from both the amou...
