A man spent 1/5 of his loan amount on house construction and 1/4 of the remaining on his office renovation. How much fraction of the loan amount is he left with after spending on house and office renovation?	Choose the correct choice from the following answers:	A) 3/5	B) 2/6	C) 5/4	D) 1/5	E) 4/3
The man spent 1/5 his loan amount on house construction, remaining amount is 4/5   He spent 1/4 of the remaining amount for office renovation, 1/4*4/5=4/20   Total loan amount spent on house and office renovation =1/5+4/20   To get a common denominator we use 20, so 1/5 is 4/20   4/20+4/20=8/20 is the total amount spent on house construction and office renovation.   remaining 12/20 is left with the man, 3/5   3/5nswer is 3/5
<result>A</result>
A man spent 1/5 of his loan amount on house construction and 1/4 of the remaining on his office renovation. How much fraction of the loan amount is he left with after spending on house and office renovation?