Question

Sapna invest 18% of her monthly income in mutual funds. If she invests Rs. 5,724 in mutual funds, what is her monthly income?
1. Rs. 38,100
2. Rs. 30,800
3. Rs. 38,000
4. Rs. 31,800

Answer 1

Correct Answer - Option 4 : Rs. 31,800

Let, Sapna's monthly income is Rs. 100

Given information,

Sapna invests her monthly income in mutual Fund  = 18%

And she invests in mutual funds = Rs. 5,724

Then,

18% = 5,724

1% = 5,724 / 18

1% = 318

Now, 100% = 318 x 100 = 31,800

So, Sapna's monthly income will be 31,800.

Hence, "31800" is the correct answer.