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6. Financial Planning
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Q5 of 16 Page 107

Mr. Manohar gave 20% part of his income to his elder son and 30% part to his younger son. He gave 10% of the balance as donation to a school. He still had Rs. 1,80,000 for himself. What was Mr. Manohar's income?

Mr. Manohar’s income = A


Amount given to elder son = 20% of A =


=


Amount given to younger son = 30% of A =


Balance = 100% - 30% -20%


= 50%of A


=


Donation given to school =


=



Balance =


=


⇒ = Rs.180000


A = Rs.


= Rs. 400,000


⇒ Income is Rs 4,00,000.


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3

Mr. Hiralal invested Rs. 2,15,000 in a Mutual Fund. He got Rs. 3,05,000 after 2 years. Mr. Ramniklal invested Rs. 1,40,000 at 8% compound interest for 2 years in a bank. Find out the percent gain of each of them. Whose investment was more profitable?

4

At the start of a year there were Rs. 24,000 in a savings account. After adding Rs. 56,000 to this the entire amount was invested in the bank at 7.5% compound interest. What will be the total amount after 3 years?

6

Kailash used to spend 85% of his income. When his income increased by 36% his expenses also increased by 40% of his earlier expenses. How much percentage of his earning he saves now?

7

Total income of Ramesh, Suresh and Preeti is 8,07,000 rupees. The percentages of their expenses are 75%, 80% and 90% respectively. If the ratio of their savings is 16 : 17 : 12, then find the annual saving of each of them.

Questions · 16
6. Financial Planning
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