Question

a man bought a house for rs5 lakh and rents it.He puts 12.5%of each months sent aside for repairs ,pays rs 1660 as annual taxes and realises 10% on his investment thereafter . the monthly rent of house is???

Answer 1

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Answer 2

Given:

A man bought a house for Rs 5 lakhs.

Repairs = 12.5% of each month's rent.

Annual taxes = Rs 1660.

Realizes 10% on his investment.

To find:

Monthly rent of the house.

Solution:

• Let the annual rent be Rs. x.
• According to the question,
• Annual rent - ( 12.5% of Annual rent + Annual taxes ) = 10% of investment.
• On substituting all the values, we get:
• x - ( $\frac{25}{2}$×$\frac{1}{100}$× x + 1660) = $\frac{10}{100}$ × 500000
• On solving the above equation, we get:
• x = Rs 59040.
• Monthly rent = Annual rent ÷ 12 months
• Monthly rent = $\frac{59040}{12}$ = Rs 4920.

Therefore, the monthly rent is Rs 4920.