Question

What is the amount that Sumit spends annually on paying his loan instalments?

Q: Answer-&lt;p&gt;What is the amount that Sumit spends annually on paying his loan instalments?&lt;/p&gt;

Monthly income Sumit 18,00,00012 Rs. 1,50,000 Monthly savings 1,50,000 times 30100 Rs. 45,000 Monthly loan instalments 1,50,000 ndash 45,000 times 20100 Rs. 21,000 Various bills 1,50,000 times 25100 Rs. 37,500 Household expenses 1,50,000 times 30100 Rs. 45,000 Monthly income given to his family 1,50,000 ndash 45,000 ndash 21,000 ndash 37,500 ndash 45,000 Rs. 1500 Loan Instalments 21000 times 12 Rs. 2,52,000

Study the following information carefully and answer the following questions. Mr. Sumit earns an annual income of 18 lakh. Every month he saves 30% of his monthly income. 20% of the remaining amount of his monthly income he spends on paying his loan instalments. He spends 25% of his monthly income by paying various bills and spends 30% of his monthly income on other household expenses. He gives the remaining amount of his monthly income to his family.

A Rs. 1,80,000

B Rs. 2,00,000

C Rs. 2,52,000

D Rs. 2,50,000

E None of these