Neelima invests Rs. 1568 in mutual fund. which is 28% of his monthly income. What is her annual salary?

Options

A. Rs 67000
B. Rs.67200
C. Rs.5600
D. Rs.68200

Answer

To find Neelima's annual salary based on her investment in a mutual fund, we can follow these steps:

### Step 1: Understand the relationship between the investment and monthly income
Neelima invests Rs. 1568, which is stated to be 28% of her monthly income.

### Step 2: Set up the equation for monthly income
Let Neelima's monthly income be represented as \( M \). According to the information given:
\[ 0.28M = 1568 \]

### Step 3: Solve for monthly income \( M \)
To find \( M \), we can rearrange the equation:
\[ M = \frac{1568}{0.28} \]

### Step 4: Calculate \( M \)
Now, we perform the division:
\[ M = \frac{1568}{0.28} = 5600 \]

### Step 5: Calculate the annual salary
Since we have found the monthly income, we can now calculate the annual salary by multiplying the monthly income by 12:
\[ \text{Annual Salary} = M \times 12 = 5600 \times 12 \]

### Step 6: Perform the multiplication
Calculating the annual salary:
\[ \text{Annual Salary} = 5600 \times 12 = 67200 \]

Thus, Neelima's annual salary is Rs. 67,200.

### Final Answer:
Neelima's annual salary is Rs. 67,200.

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