1.an applicant earns 25000 ETB monthly.business expense are 10000 ETB,house hold expense 7000 ETB and existing debt payment 3000 ETB. find the remaining monthly surplus

Finance

ScanSolve AI Answer

Answer

5000 ETB5000\ \text{ETB}

Step-by-step solution

2 steps
  1. Calculate total monthly expenses.

    Total expenses are the sum of business expenses, household expenses, and existing debt payments.

    Total Expenses=Business Expense+Household Expense+Debt Payment\text{Total Expenses} = \text{Business Expense} + \text{Household Expense} + \text{Debt Payment} Total Expenses=10000 ETB+7000 ETB+3000 ETB\text{Total Expenses} = 10000\ \text{ETB} + 7000\ \text{ETB} + 3000\ \text{ETB} Total Expenses=20000 ETB\text{Total Expenses} = 20000\ \text{ETB}
  2. Calculate the remaining monthly surplus.

    The monthly surplus is the monthly income minus the total monthly expenses.

    Monthly Surplus=Monthly Income−Total Expenses\text{Monthly Surplus} = \text{Monthly Income} - \text{Total Expenses} Monthly Surplus=25000 ETB−20000 ETB\text{Monthly Surplus} = 25000\ \text{ETB} - 20000\ \text{ETB} Monthly Surplus=5000 ETB\text{Monthly Surplus} = 5000\ \text{ETB}

    The remaining monthly surplus is 5000\ ETB.

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