Multiple choice

Natasha wants to pursue her B. Tech from ADC University, India, but not able to afford it, she has to take an education loan. The loan agreement guaranteed to pay 80% of all her expenses, this way she only had to bear the remaining costs. She had to pay the rent for her new apartment was Rs. 550 per month. She then paid her tuition for the current semester worth Rs. 25000. On an average she spent Rs. 340 on utilities and groceries per month. Given that, Natasha's course lasted a total of two years (comprising of 2 semesters per year) and the bank gave 80% of the total expenses of two years at the beginning of her course. How much did the bank have to pay in total for two years on behalf of Natasha?

  1. Rs. 90308

  2. Rs. 85428

  3. Rs. 97088

  4. Rs. 90288

  5. Rs. 92286
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Monthly expenses: 550 (rent) + 340 (utilities) = 890. Semester expenses: 890 * 6 = 5340 + 25000 = 30340. Total for 4 semesters (2 years): 30340 * 4 = 121360. Bank pays 80%: 0.8 * 121360 = 97088.

AI explanation

Calculate the total expenses by adding tuition, rent, and utilities for the two-year period. The tuition for four semesters is 4 times 25000, equaling 100000 rupees, and the rent for 24 months is 24 times 550, equaling 13200 rupees. The utilities and groceries for 24 months amount to 24 times 340, equaling 8160 rupees, bringing the total expenses to 121360 rupees. The bank pays 80% of this total, which is 0.8 times 121360, resulting in a payment of 97088 rupees.

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