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6. Financial Planning
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Q1 of 16 Page 98

Alka spends 90% of the money that she receives every month, and saves Rs. 120. How much money does she get monthly?

Let the total money be = Rs. x


Now money she spends = 90% of x =


Money she saves = 120


Now




100x – 90x = 12000


10x = 12000


x = 1200


She earns Rs 1200 .


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2

Sumit borrowed a capital of Rs. 50,000 to start his food products business. In the first year he suffered a loss of 20%. He invested the remaining capital in a new sweets business and made a profit of 5%. How much was his profit or loss computed on his original capital?

3

Nikhil spent 5% of his monthly income on his children's education, invested 14% in shares, deposited 3% in a bank and used 40% for his daily expenses. He was left with a balance of Rs. 19,000. What was his income that month?

4

Mr. Sayyad kept Rs. 40,000 in a bank at 8% compound interest for 2 years. Mr. Fernandes invested Rs. 1,20,000 in a mutual fund for 2 years. After 2 years, Mr. Fernandes got Rs. 1,92,000. Whose investment turned out to be more profitable?

5

Sameera spent 90% of her income and donated 3% for socially useful causes. If she left with Rs. 1750 at the end of the month, what was her actual income?

Questions · 16
6. Financial Planning
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