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Mrs. Sharma invests 15% of her monthly s...

Mrs. Sharma invests 15% of her monthly salary, Le., 4428 in Mutual funds. Later she invests 18% of her monthly salary on Pension plans, also she invests another 9% of her salary on Insurance policies. What is the total monthly amount invested by Mrs. Sharma ?

A

1,13,356.80

B

12398.4

C

56, 678,40

D

None of these

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The correct Answer is:
To solve the problem step by step, we will follow the calculations as described in the video transcript. ### Step 1: Determine Mrs. Sharma's Monthly Salary We know that Mrs. Sharma invests 15% of her monthly salary in mutual funds, which amounts to Rs. 4428. We can set up the equation: \[ 0.15 \times X = 4428 \] Where \( X \) is Mrs. Sharma's monthly salary. ### Step 2: Solve for \( X \) To find \( X \), we rearrange the equation: \[ X = \frac{4428 \times 100}{15} \] Calculating this gives: \[ X = \frac{442800}{15} = 29520 \] So, Mrs. Sharma's monthly salary is Rs. 29520. ### Step 3: Calculate the Total Percentage Invested Now, we need to find out the total percentage of her salary that she invests. She invests: - 15% in mutual funds - 18% in pension plans - 9% in insurance policies Adding these percentages together: \[ 15\% + 18\% + 9\% = 42\% \] ### Step 4: Calculate the Total Amount Invested Now, we can calculate the total amount invested by Mrs. Sharma, which is 42% of her monthly salary: \[ \text{Total Investment} = 0.42 \times 29520 \] Calculating this gives: \[ \text{Total Investment} = 12398.40 \] ### Final Answer The total monthly amount invested by Mrs. Sharma is Rs. 12398.40. ---
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