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      Question

      Mohit saves 20% of her monthly salary. And of the

      remaining Income he gives to his mother and sister its Ā¼ and half respectively and the remaining salary he submits as his EMI for the payment of his car. If his annual EMI was ā‚¹60000, then what will be his monthly Income?
      A RS.34,000 Correct Answer Incorrect Answer
      B Rs.24,000 Correct Answer Incorrect Answer
      C Rs.25,000 Correct Answer Incorrect Answer
      D Rs.23,000 Correct Answer Incorrect Answer
      E none of these Correct Answer Incorrect Answer

      Solution

      ATQ, we can say that, Let EMI per month of Mohit will be =Ā  100 ā€“ (20 + (80 x Ā½) + 80 x (Ā½))% 100 ā€“ (20 + 20 + 40) 100 ā€“ (80) Therefore, difference will be = 100 ā€“ 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 valueĀ  is = 60000/240 = 250 Than 100 unit value will be = 100 x 250 = Rs.25,000

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