What is the difference between the monthly amount spent by Sumit on payment of various bills and the amounts spent by him on loan instalments?

Monthly income Sumit = 18,00,000/12 = Rs. 1,50,000 Monthly savings = 1,50,000× 30/100 = Rs. 45,000 Monthly loan instalments = (1,50,000 – 45,000 )× 20/100= Rs. 21,000 Various bills = 1,50,000× 25/100 = Rs. 37,500 Household expenses = 1,50,000× 30/100 = Rs. 45,000 Monthly income given to his family = 1,50,000 – 45,000 – 21,000 – 37,500 – 45,000 = Rs. 1500 The difference between the monthly amount spent by Sumit on payment of various bills and the amounts spent by him on loan instalments: 37,500 - 21,000 = Rs. 16,500

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