Aarav spends 40% of his monthly earning on food and one-fifth of the remaining he deposits on bank for health insurance. He saves 4800 rupees per month which is equal to the half of the balance after spending on food and deposits on bank, his monthly salary is?
1
Rs. 24,000
2
Rs. 40,000
3
Rs. 20,000
4
Rs. 48,000