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From his monthly salary, Shyam invests 1...

From his monthly salary, Shyam invests `15%` in a scheme, `25%` he pays as EMI towards a Ioan and `40%` he keeps aside for his monthly expenses. If the remaining ₹4800 he keeps in his bank account, what is his monthly salary?

A

₹ 32000

B

₹ 40000

C

₹ 24000

D

₹ 36000

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will first define Shyam's monthly salary and then calculate how much he spends and saves based on the percentages given. ### Step 1: Define Shyam's Monthly Salary Let Shyam's monthly salary be represented as \( S \). ### Step 2: Calculate the Amounts Based on Percentages 1. **Investment in a scheme**: Shyam invests 15% of his salary. \[ \text{Investment} = 0.15S \] 2. **EMI payment**: Shyam pays 25% of his salary as EMI. \[ \text{EMI} = 0.25S \] 3. **Monthly expenses**: Shyam keeps aside 40% of his salary for monthly expenses. \[ \text{Expenses} = 0.40S \] ### Step 3: Calculate the Total Amount Spent Now, we can calculate the total amount that Shyam spends or keeps aside: \[ \text{Total spent} = \text{Investment} + \text{EMI} + \text{Expenses} \] Substituting the values we calculated: \[ \text{Total spent} = 0.15S + 0.25S + 0.40S = 0.80S \] ### Step 4: Calculate Remaining Amount The remaining amount that Shyam keeps in his bank account is: \[ \text{Remaining amount} = S - \text{Total spent} = S - 0.80S = 0.20S \] ### Step 5: Set Up the Equation According to the problem, the remaining amount is ₹4800: \[ 0.20S = 4800 \] ### Step 6: Solve for Shyam's Monthly Salary To find \( S \), divide both sides of the equation by 0.20: \[ S = \frac{4800}{0.20} = 24000 \] ### Conclusion Shyam's monthly salary is ₹24,000.
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