Ram's monthly savings is Rs. 4000 less than what he spends every month, and he uses 33 (1/3)% of his monthly expenditure for entertainment. What is the amount Ram earns on a monthly basis?
Statement I: If the difference between the compound interest and simple interest accrued after 2 years at a rate of 15% on Ram's monthly savings is Rs. 315.
Statement II: His monthly expenditure for his child's education is Rs. 2000 more than what he spends on entertainment, while his other monthly costs are Rs. 2000 less than what is spent on entertainment. Furthermore, the ratio of his monthly expenditure on his child's education to other monthly costs is 2:1.
Statement III: Ram's monthly savings is Rs. 10,000 more than his other monthly expenditures.
1
Statement I alone is sufficient to answer the question.
2
Statement II alone is sufficient to answer the question.
3
Statement III alone is sufficient to answer the question.
4
Either statement I alone or statement II alone is sufficient to answer the question.
5
Either of the three statements is sufficient to answer the question.