Banking
Quantitative Aptitude
Simple Interest
Question Bank
Simple Interest and Compound Interest
question_answer
A man spends 85% of his monthly income, and the remaining money is deposited in the savings account for 5 years and he gets a simple interest of Rs. 2160 at the rate of 12% per annum. Out of monthly expenditure, he spends 20% on rent, 15% on food. Out of the remaining he spends 50% on clothes and remaining on education. Find the 33.33% of money that is spent on food.