NIACL Model Paper 4 with solutions for free online practice

Question : 6 of 100

Marks: +1, -0

Sophia invests 25% of her monthly salary in insurance policies. She spends 15% of her monthly salary in shopping and 35% of her salary on household expenses. She saves the remaining amount of ₹9.050. What is Sophia’s annual income?

₹ 84,500
₹5,30,000
₹3,25,200
₹4.34.400
None of these

Validate

Solution:

(d) Let Sophia’s monthly salary=₹ x.
ATQ.
Sophia’s % monthly expenditure

= (25+ 15+ 35)% = 75%

Savings %

= 100 - 75 = 25%

∴ 25% of x = 9050
⇒

x = 9050×4=₹36200

∴Sophia’s annual income

= ₹ (12 × 36200)=₹ 434400

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