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    Question

    Anchal allocates a portion of his salary for various

    purposes. He invests 10% of his salary in a Provident Fund (PF) and then spends 30% of what's left on a Systematic Investment Plan (SIP). If the sum designated for the PF is Rs. 4800, what is the amount spent on SIP?
    A Rs.12960 Correct Answer Incorrect Answer
    B Rs.12900 Correct Answer Incorrect Answer
    C Rs.12500 Correct Answer Incorrect Answer
    D Rs.12000 Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    ATQ, Let the Salary of the Anchal be Rs.'a'. Amount spent on PF = 0.10a = Rs.4800 Total Salary of the Anchal = 4800/0.1 = Rs.48000 Amount spent on SIP is = 0.3 × 0.9a = 0.27a = 48000 × 0.27 = Rs.12960

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