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Question 12 Marks
Mr. Shaikh invested Rs. 4,00,000 in a glass industry. After 2 years he received Rs. 5,20,000 from the industry. Putting aside the original investment, he invested his gains in a fixed deposit and in shares in the ratio 3 : 2. How much amount did he invested originally in each of the schemes ?
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Question 22 Marks
Shamrao's income in 2015-16 after paying all taxes is Rs. 6,40,000 . He pays Rs. 2000 per month for insurance and 20% of his annual income into his provident fund. He puts aside Rs. 500 per month for emergencies. How much money does he have for yearly spending ?
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