Question

Ravi invests 50% of his monthly savings in fixed deposit, 30% of the rest of his savings is invested in stocks and rest goes into savings bank account. If the total amount deposited by him in the bank ( for savings account and the fixed deposit) is rs 59500, then ravi's total monthly saving is?

Answer 1

Step-by-step explanation:

according to question

savings account and the fixed deposit contains ₹59500.

(20+50)% of monthly saving = 59500

70% of monthly saving =59500

monthly saving= 59500×100÷70 =₹85000

Answer 2

₹ 85000 is the total savings of Ravi.

Step-by-step explanation:

Let the total savings be x, then contribution of various components are:

50% of x = Fixed deposits

30% of x = Invested in stocks

Remaining, 100% - (50+30)% = 20% of x = Savings bank acoount

Now, he deposits 59500 in the bank for savings bank account and fixed deposit.

Thus, 50% of x + 20% of x = ₹ 59500

70% of x = ₹ 59500

$\frac{70}{100} \times x$ = ₹ 59500

x = ₹ $59500\times \frac{10}{7}$

x = ₹ 85000.

Hence, his total savings is ₹ 85000.