What will be his cash in hand on 31/03/2007.?

Alok a 28 years old person has joined SABH on 1/07/2006. His monthly salary (net salary) after deduction is payable Rs. 22500/. His monthly expenses details are as follows:

Assume Alok takes a flat on rent from 01 /07/2006. On 01 /07/2006 he has cash in hand Rs. 1450/-. He starts paying insurance premium from October @ Rs. 2500/- pm. His investments in Mutual fund SIP are Rs. 3000/- pm for a 6 month period.

What will be his cash in hand on 31/03/2007.?
A . Rs.72150/­
B . Rs.83150/
C . Rs.69070/­
D . None of the above

View Answer

Answer: C