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CAT 2017 [slot 1] Question with solution 05

Question 5:
Ravi invests 50% of his monthly savings in fixed deposits. Thirty percent of the rest of his savings is invested in stocks and the rest goes into Ravi's savings bank account. I f the total amount deposited by him in the bank (for savings account and fixed deposits) is Rs 59500, then Ravi's total monthly savings (in Rs) is
Answer: 70,000

Let his total savings be 100x.

He invests 50x in fixed deposits. 30% of 50x, which is 15x is invested in stocks and 35x goes to savings bank.

It is given 85x = 59500

x = 700

Hence, 100x = 70000

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