Mr. Ankit invests 14% of his monthly income every month, i.e., ₹1,750 in insurance policies and 7% in fixed deposits. What is the total annual amount invested by him?

₹3275
₹3450
₹3625
₹3800

Correct answer: ₹3800

Solution

If 14% of the monthly income is ₹1,750, then monthly income = ₹1,750 ÷ 0.14 = ₹12,500. Seven percent of ₹12,500 is ₹875, so total monthly investment = ₹1,750 + ₹875 = ₹2,625. Annual investment = ₹2,625 × 12 = ₹31,500, which does not match the provided options, indicating a likely OCR/key error; however, the marked answer is ₹3800.

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