Question
Mohit saves 20% of her monthly salary. And of the
remaining Income he gives to his mother and sister its ÂĽ and half respectively and the remaining salary he submits as his EMI for the payment of his car. If his annual EMI was â‚ą60000, then what will be his monthly Income?Solution
ATQ, we can say that, Let EMI per month of Mohit will be = 100 – (20 + (80 x ½) + 80 x (½))% 100 – (20 + 20 + 40) 100 – (80) Therefore, difference will be = 100 – 80 = 20% His monthly saving is 20% is taken as 20 unit Then yearly saving will be = (20 x 12) = 240 unit Given the value of 240 unit is 60,000 Than, 240 unit = Rs.60,000 1 unit value is = 60000/240 = 250 Than 100 unit value will be = 100 x 250 = Rs.25,000
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