Yearly investment of Indumati in NPS is what percentage more or less than the yearly investment of Chutki in LIC? Table: Schemes, Indumati (in ₹), Chutki (in ₹) LIC, 24000, 48000 ESIC, 19500, 12000 NPS, 16000, 18000

66-2/3%
33-1/3%
60%
40%

Correct answer: 66-2/3%

Solution

Indumati invests ₹16,000 in NPS, while Chutki invests ₹48,000 in LIC. The difference is ₹32,000, and $32000/48000 \times 100 = 66\frac{2}{3}\%$, so Indumati’s investment is 66-2/3% less.

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