A man spends 20% of his income on rent and then uses 25% of the remaining amount to buy clothes. The rest of his income is invested in Fixed Deposit (...

Question

A man spends 20% of his income on rent and then uses 25% of the remaining amount to buy clothes. The rest of his income is invested in Fixed Deposit (FD) and Recurring Deposit (RD) in the ratio 1:4. If the difference between the amount invested in FD and the amount spent on clothes is Rs 1680, what is the man's total income (in Rs)?

Options

A.

Rs 26000

B.

Rs 24000

C.

Rs 21000

D.

Rs 23000

E.

Rs 20000

incomeinvestmentpercentageratioword problem

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