Question

Mr X buys a second-hand car for Rs 1,20,000 and rents it. He puts 20% of each month’s rent aside for repairs, pays Rs 1500 per year as insurance and invested 10% annually on his investment . Find the monthly rent?

Q: Mr X buys a second-hand car for Rs 1,20,000 and rents it. He puts 20% of each month’s rent asi

Let the monthly rent be Rs X. We have, 10% of 120000 = 12 (x - 20% of x) - 1500 12000/12 = 0.80x - 1500 1000 + 1500 = 0.80x x = 2500/0.80 Rs 3125 per month

A Rs 3125

B Rs 3025

C Rs 3120

D Rs 4125

E Rs 3725

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Question

Mr X buys a second-hand car for Rs 1,20,000 and rents it. He puts 20% of each month’s rent aside for repairs, pays Rs 1500 per year as insurance and invested 10% annually on his investment . Find the monthly rent?

Solution

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