Percentage Practice Test 2 with solutions

Question : 40 of 40

Marks: +1, -0

Mr. Vincent invests 7% i.e., Rs. 2170, of his monthly salary in mutual funds. Later he invests 18% of his monthly salary in recurring deposits. Also, he invests 6% of his salary on NSC's. What is the total annual amount invested by Mr. Vincent?

Rs. 1,13,520
Rs. 1,15,320
Rs. 1,25,320
Rs. 1,35,120

Validate

Solution:

Here, 7% = 2170
∴ 100% =

2170/7

=100 = Rs. 31,000
Total percentage of investment = 7 + 18 + 6 = 31%
Hence, total monthly amount invested =

31/100× 31000

= Rs. 9610
Since, total annual amount invested = 12 × Rs. 9610 = Rs. 1,15,320

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