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Manu invested 13% of his monthly salary ...

Manu invested `13%` of his monthly salary in the FD and `12%` in PPF. `3"/"25^(th)` of the remaining amount spent on clothing. `3"/"11^(th)` remaining amount spent on food. `5"/"12^(th)` of remianing spent of education. Half of remaining amount is invested in a scheme which offer `10%` SI from which after 5 year he get 16800 amounts. Find the amount invested in FD and PPF together?

A

25000

B

20000

C

18000

D

None of these

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will break down each part of Manu's investments and expenditures. ### Step 1: Determine the Total Salary Let’s assume Manu's total monthly salary is \( S \). ### Step 2: Calculate the Amount Invested in FD and PPF - **Investment in FD**: \( 13\% \) of \( S \) = \( 0.13S \) - **Investment in PPF**: \( 12\% \) of \( S \) = \( 0.12S \) ### Step 3: Calculate the Total Investment in FD and PPF - Total investment in FD and PPF = \( 0.13S + 0.12S = 0.25S \) ### Step 4: Calculate the Remaining Amount after FD and PPF - Remaining amount = \( S - (0.13S + 0.12S) = S - 0.25S = 0.75S \) ### Step 5: Calculate the Amount Spent on Clothing - Amount spent on clothing = \( \frac{3}{25} \) of remaining amount = \( \frac{3}{25} \times 0.75S = \frac{3 \times 0.75}{25}S = \frac{2.25}{25}S = 0.09S \) ### Step 6: Calculate the Remaining Amount after Clothing - Remaining amount after clothing = \( 0.75S - 0.09S = 0.66S \) ### Step 7: Calculate the Amount Spent on Food - Amount spent on food = \( \frac{3}{11} \) of remaining amount = \( \frac{3}{11} \times 0.66S = \frac{1.98}{11}S \) ### Step 8: Calculate the Remaining Amount after Food - Remaining amount after food = \( 0.66S - \frac{1.98}{11}S \) - To simplify, convert \( 0.66S \) to a fraction: \( 0.66S = \frac{66}{100}S = \frac{33}{50}S \) - Now, calculate the remaining amount: \[ \text{Remaining} = \frac{33}{50}S - \frac{1.98}{11}S \] To subtract these fractions, find a common denominator (which is 550): \[ \frac{33}{50}S = \frac{33 \times 11}{550}S = \frac{363}{550}S \] \[ \frac{1.98}{11}S = \frac{1.98 \times 50}{550}S = \frac{99}{550}S \] \[ \text{Remaining} = \frac{363}{550}S - \frac{99}{550}S = \frac{264}{550}S = \frac{132}{275}S \] ### Step 9: Calculate the Amount Spent on Education - Amount spent on education = \( \frac{5}{12} \) of remaining amount = \( \frac{5}{12} \times \frac{132}{275}S = \frac{660}{3300}S = \frac{11}{55}S \) ### Step 10: Calculate the Remaining Amount after Education - Remaining amount after education = \( \frac{132}{275}S - \frac{11}{55}S \) - Convert \( \frac{11}{55}S \) to a common denominator (275): \[ \frac{11}{55}S = \frac{11 \times 5}{275}S = \frac{55}{275}S \] \[ \text{Remaining} = \frac{132}{275}S - \frac{55}{275}S = \frac{77}{275}S \] ### Step 11: Calculate the Amount Invested in the Scheme - Half of the remaining amount is invested in a scheme: \[ \text{Investment in scheme} = \frac{1}{2} \times \frac{77}{275}S = \frac{77}{550}S \] ### Step 12: Calculate the Total Amount Received from the Scheme - The amount received after 5 years is \( 16800 \). - Using the formula for Simple Interest: \[ \text{Total Amount} = \text{Principal} + \text{SI} \] \[ 16800 = \frac{77}{550}S + \left(\frac{77}{550}S \times \frac{10}{100} \times 5\right) \] \[ 16800 = \frac{77}{550}S + \frac{385}{550}S = \frac{462}{550}S \] \[ 16800 = \frac{462}{550}S \] \[ S = 16800 \times \frac{550}{462} \] \[ S = 20000 \] ### Step 13: Calculate the Amount Invested in FD and PPF - Total investment in FD and PPF = \( 0.25S = 0.25 \times 20000 = 5000 \) ### Final Answer The amount invested in FD and PPF together is **5000**.
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