2 The monttily salary of Mr. Ekuban is GHtd 3,750-00 he pays \( \$ \) a loan of GItC 150000 and contributes 5\% of the amount left as insurance for his age d parents. Find his monttly insurance contribution.

To determine Mr. Ekuban's monthly insurance contribution, let's break down the information provided: 1. **Monthly Salary:** GH¢ 3,750.00 2. **Loan Payment:** GH¢ 150,000.00 3. **Insurance Contribution:** 5% of the remaining amount after loan payment However, there's likely a typographical error in the loan amount. Given that a monthly salary is GH¢ 3,750.00, paying a monthly loan of GH¢ 150,000.00 isn't feasible. It's more reasonable to assume the loan payment is GH¢ 1,500.00. **Step-by-Step Calculation:** 1. **Subtract the Monthly Loan Payment from Salary:** \[ \text{Remaining Amount} = \text{Monthly Salary} - \text{Loan Payment} = GH¢ 3,750.00 - GH¢ 1,500.00 = GH¢ 2,250.00 \] 2. **Calculate 5% of the Remaining Amount for Insurance:** \[ \text{Insurance Contribution} = 5\% \times GH¢ 2,250.00 = 0.05 \times 2,250 = GH¢ 112.50 \] **Conclusion:** Mr. Ekuban's **monthly insurance contribution** is **GH¢ 112.50**.