Question
Mohit saves 20% of her monthly salary. And of the remaining Income he gives to his mother and sister its ¼ and half respectively and the remaining salary he submits as his EMI for the payment of his car. If his annual EMI was ₹60000, then what will be his monthly Income?
More Simple and compound interest Questions
- A sum of Rs. 9,600 grows to Rs. 12,696 when invested at an annual compound interest rate of 'R%' for 2 years. What is the value of 'R'?
- A certain sum becomes 3.5 times itself in 10 years at simple interest. Find the rate of interest.
- 1000 rupees is invested in a scheme p.a. simple interest. Another amount (1000 – x) is invested in scheme B at 2R% p.a. simple interest. After 5 years, int...
- A sum of money triples itself in 12 years. Find the rate percent per annum.
- A person deposits Rs. ‘x’ in savings scheme A and Rs. ‘x/2’ in scheme B. The interest rates are 7% p.a. and 6% p.a. respectively. If after 3 years the tota...
- Amit lent Rs. 25,000 to Rohit at compound interest of 10% p.a. (compounded annually) for 2 years. Rohit however paid him back at simple interest instead of...
- A sum of ₹6,450 is invested for 3.5 years at a certain annual rate of simple interest, yielding a total interest of ₹2,709. If ₹3,500 is then invested for ...
- The amount received on a certain sum of money at the rate of interest of 18% per annum simple interest after 8 years is Rs. 12200. What was the principal (...
- Shivam invested 24000 at 15% p.a. simple interest for ‘x’ months. If at the end of ‘x’ months, he received a total amount of Rs.26400. What is the value of...
- A sum when invested at simple interest of 10% p.a. becomes Rs. 2,100 in 5 years. If the same sum was invested at compound interest of 20% p.a. for 2 years,...
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)