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Gita purchases an apartment and pays EMI for that. Her monthly income is Rs. 80000. She spends 15% on the education of her children 40% on household a
Question

Gita purchases an apartment and pays EMI for that. Her monthly income is Rs. 80000. She spends 15% on the education of her children 40% on household affairs sends 10% to GPF saves 15% in a savings bank account and pays the rest of the amount as EMI. How much EMI does she pay?

A.

Rs. 14000

B.

Rs. 18000

C.

Rs. 16000

D.

Rs. 20000

Correct option is C

Given:
Monthly income = Rs. 80000
Education = 15%
Household = 40%
GPF = 10%
Savings = 15%
Formula Used:
EMI = Monthly Income - (Education + Household + GPF + Savings)
Solution:
EMI = Rs. 80000 - (15% of 80000 + 40% of 80000 + 10% of 80000 + 15% of 80000)
= Rs. 80000 - Rs. 64000
= Rs. 16000.

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