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Let monthly income equal to Rupees 100 X. Spending on fuel = 100x* 0.3 = 30x Spending on basic needs = 100x*0.4 = 40x Spending on education = (100x-30x-40x) 0.2 = 6x 6x= 1200 Saving = 24x 24x = 4800 Total interest by recurring scheme. = 4800*(15/100)*(12*13/2)/12 =Rs. 4680 Amount = 4800*12+4680 = Rs. 62280
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