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Every month, Sunaina invests 30% of her ...

Every month, Sunaina invests `30%` of her monthly income in a gold, scheme, and pays `15%` as house rent. Out of the remaining monthly incomes, she spends on groceries and paying bills in the ratio of `5:6`. If the amount spent on groceries in a year is ₹96,000, then what is the amount that, she invests in gold scheme every month?

A

₹ 8,400

B

₹ 7,200

C

₹ 10,800

D

₹ 9,600

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will follow the information provided and perform the necessary calculations. ### Step 1: Define Monthly Income Let Sunaina's monthly income be represented as \( 100x \). ### Step 2: Calculate Investment in Gold Scheme Sunaina invests \( 30\% \) of her monthly income in a gold scheme. Therefore, the amount she invests in the gold scheme each month is: \[ \text{Investment in Gold Scheme} = 30\% \text{ of } 100x = 30x \] ### Step 3: Calculate House Rent Sunaina pays \( 15\% \) of her monthly income as house rent. Thus, the amount she pays for house rent is: \[ \text{House Rent} = 15\% \text{ of } 100x = 15x \] ### Step 4: Calculate Remaining Income Now, we calculate the remaining income after her investments and house rent: \[ \text{Remaining Income} = 100x - (30x + 15x) = 100x - 45x = 55x \] ### Step 5: Ratio of Spending on Groceries and Bills The remaining income is spent on groceries and bills in the ratio of \( 5:6 \). The total parts in this ratio are: \[ 5 + 6 = 11 \text{ parts} \] ### Step 6: Calculate Value of Each Part Since the remaining income is \( 55x \), we can find the value of one part: \[ \text{Value of 1 part} = \frac{55x}{11} = 5x \] ### Step 7: Calculate Amount Spent on Groceries The amount spent on groceries (5 parts) is: \[ \text{Amount Spent on Groceries} = 5 \text{ parts} = 5 \times 5x = 25x \] ### Step 8: Relate Groceries Spending to Yearly Amount We know that the amount spent on groceries in a year is ₹96,000. Therefore, the monthly amount spent on groceries is: \[ \text{Monthly Groceries Spending} = \frac{96000}{12} = 8000 \] ### Step 9: Set Up Equation for \( x \) Now, we equate the amount spent on groceries to the monthly spending: \[ 25x = 8000 \] ### Step 10: Solve for \( x \) To find \( x \), we divide both sides by 25: \[ x = \frac{8000}{25} = 320 \] ### Step 11: Calculate Investment in Gold Scheme Finally, we can find the amount that Sunaina invests in the gold scheme each month: \[ \text{Investment in Gold Scheme} = 30x = 30 \times 320 = 9600 \] ### Conclusion Thus, the amount that Sunaina invests in the gold scheme every month is ₹9600. ---
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