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In the month of March, Hiten spent 45% o...

In the month of March, Hiten spent 45% of his monthly salary on paying bill and rent. Out of the remaining salary, he invested 60% in PPF and the remaining he deposited in bank. He deposited Rs 15,400 in the bank. If in April, he got an increment of 10%, What was his salary in April?

A

Rs 84,000

B

Rs 77,000

C

Rs, 1,10,000

D

Rs 59,000

Text Solution

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The correct Answer is:
To solve the problem step by step, let's break it down: ### Step 1: Define the Monthly Salary Let Hiten's monthly salary in March be \( x \). ### Step 2: Calculate the Amount Spent on Bills and Rent Hiten spent 45% of his salary on bills and rent. Therefore, the amount spent is: \[ \text{Amount spent} = 0.45x \] ### Step 3: Calculate the Remaining Salary After paying bills and rent, the remaining salary is: \[ \text{Remaining salary} = x - 0.45x = 0.55x \] ### Step 4: Calculate the Investment in PPF Out of the remaining salary, Hiten invested 60% in PPF. Thus, the amount invested in PPF is: \[ \text{Amount invested in PPF} = 0.60 \times 0.55x = 0.33x \] ### Step 5: Calculate the Amount Deposited in the Bank The remaining amount after the PPF investment is: \[ \text{Remaining after PPF} = 0.55x - 0.33x = 0.22x \] According to the problem, this amount deposited in the bank is Rs 15,400: \[ 0.22x = 15400 \] ### Step 6: Solve for \( x \) To find \( x \), we rearrange the equation: \[ x = \frac{15400}{0.22} \] Calculating this gives: \[ x = 70000 \] ### Step 7: Calculate the Salary in April In April, Hiten received a 10% increment on his salary. Therefore, his new salary in April is: \[ \text{New Salary} = x + 0.10x = 1.10x \] Substituting the value of \( x \): \[ \text{New Salary} = 1.10 \times 70000 = 77000 \] ### Conclusion Thus, Hiten's salary in April is Rs 77,000.
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