Explanation:

Correct option:3

Solution:

Let Varun's initial money = Rs X.

He gave 60% to his wife. Remaining = 40% of X = 0.4X.

He gave 20% of remaining 0.4X to each of his three children:

Each child: 20% of 0.4X = 0.08X

Three children: 3 × 0.08X = 0.24X

Money left = 0.4X - 0.24X = 0.16X

 He spent 3/5 of what's left on miscellaneous:

Spent = 3/5 

Money left now =2/5 x 0.16X =0.32/5 x

He deposited Rs 9,600 in bank, i.e., 0.32/5X = 9600

X = 1,50,000