Maharashtra State BoardSSC (English Medium) 9th Standard
Advertisement Remove all ads

Nikhil spent 5% of his monthly income on his children's education, invested 14% in shares, deposited 3% in a bank and used 40% for his daily expenses. - Algebra

Sum

Nikhil spent 5% of his monthly income on his children's education, invested 14% in shares, deposited 3% in a bank and used 40% for his daily expenses. He was left with a
balance of Rs. 19,000. What was his income that month ?.

Advertisement Remove all ads

Solution

Let the monthly income be Rs x
Money spent on children's education = 5% of = `5/100x`
Money spent on shares = 14% of = `14/100x`
Money deposited in banks = 3% of = `3/100x`
Money spent on daily expenses = 40% of = `40/100x`
Savings = Rs 19,000
`5/100x + 14/100x + 3/100x + 40/100x + 19000` = x
⇒ `62/100x + 19000` = x
⇒  `x-62/100x` = 19000
⇒ `38/100x` = 19000
⇒ x = 50000.

Concept: Saving and Investment
  Is there an error in this question or solution?
Advertisement Remove all ads

APPEARS IN

Balbharati Mathematics 1 Algebra 9th Standard Maharashtra State Board
Chapter 6 Financial Planning
Practice set 6.1 | Q 3 | Page 98
Advertisement Remove all ads
Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×