AAFM Exam GLO_CWM_LVL_1 Topic 5 Question 104 Discussion

Actual exam question for AAFM's GLO_CWM_LVL_1 exam

Question #: 104
Topic #: 5

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.?

ARs.72150/-

BRs.83150/

CRs.69070/-

DNone of the above

Show Suggested Answer

Suggested Answer: C

by Hubert at Jun 12, 2025, 04:21 AM

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Suzan

1 days ago

Alright, time to put my math skills to the test. Wait, is that a trick question? Better read this carefully.

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Malinda

6 days ago

Hmm, let's see... Alok's expenses, investments, and net salary. Yep, I think I've got this. Time to crunch the numbers!

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Irving

7 days ago

This seems like a pretty straightforward calculation, but I'd better double-check my work. Where's my calculator?

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