Question

Sam buys a house for Rs. 23,000. There is
a ground rent of Rs. 500 a year, and
annual repairs come to be 11/2% of the
purchase price of the house. At what
monthly rent must he leave the house so
as to get a return of 8% per annum on the
purchase price?
(1) Rs. 215.50
(2) Rs. 223.75
(3) Rs. 227.25
(4) Rs. 231.50​

Answer 1

Answer:

The right answer is Rs. 215.50 .

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