Madhavrao contributes Rs 3000 per month to health insurance and invests Rs 25000 in P.F.How much per cent of his yearly income of Rs 580000 constitute this amount ple explain
serdan2114:
what is pf
provident fund
Answers
Answered by
10
his monthly contribution to health insurance
= ₹3000
in 1 year he contributes to health insurance
= 12×3000 = ₹36000
his investment in P.F = ₹25000
his total yearly expenditure
= 36000 + 25000
= ₹61000
his annual income = ₹580000
% expenditure
= 61000 × 100/ 580000
= 610/58 = 10.5%
= ₹3000
in 1 year he contributes to health insurance
= 12×3000 = ₹36000
his investment in P.F = ₹25000
his total yearly expenditure
= 36000 + 25000
= ₹61000
his annual income = ₹580000
% expenditure
= 61000 × 100/ 580000
= 610/58 = 10.5%
but the answer given is 10.5
10.5%
check whether you have written correct question.
wait
yeah its Answer is 10.5% .refresh page.
thanks
Welcome✌
Similar questions