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Ravi's monthly salary is Rs16,000. He spends 30% of his salary on rent, 20% of his salary on education. 60% of the remaining
amount is invested in mutual funds. Find the amount invested in mutual founds in a month.
Rs5,000
Rs4,800
Rs4,200
Rs4,500
- Ravi's monthly salary is Rs16,000.
- He spends 30% on rent, which is Rs4,800 (16,000 x 0.30).
- 20% is spent on education, which amounts to Rs3,200 (16,000 x 0.20).
- The remaining amount after rent and education is Rs8,000 (16,000 - 4,800 - 3,200).
- 60% of the remaining Rs8,000 is invested in mutual funds: Rs4,800 (8,000 x 0.60).
- Option 1: Rs5,000
- Option 2: Rs4,800
- Option 3: Rs4,200
- Option 4: Rs4,500
Option 2: Rs4,800 is the correct answer.
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