The annual income of Adhiraj is Rs.702000. He spends 18% of his monthly income on payments of bills, 14% on domestic needs, 16% on children’s education and 6% on children’s education. He invests 2/3rd of the remaining amount in mutual fund. Find the remaining amount with Adhiraj.

Explanation:

Adhiraj’s monthly income = 702000/12 = Rs.58500

Expenses on (bills payment+ domestic needs + education+ donation) = 54% of 58500

= 58500×54/100 = Rs.31590

Remaining amount = Rs.(58500 – 31590)

= Rs.26910

Investment in mutual fund

= 26910×2/3 = Rs.17940

Therefore, Required amount

= Rs. (26910−17940) = Rs.8970