Question

A person invests 89856 in mutual fund, which is 26%of his annual income. what is his monthly income ?
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Answer 1

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Answer 2

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$\large\bold{\underline{\underline{Question:-}}}$

ᴀ ᴘᴇʀꜱᴏɴ ɪɴᴠᴇꜱᴛꜱ 89856 ɪɴ ᴍᴜᴛᴜᴀʟ ꜰᴜɴᴅ, ᴡʜɪᴄʜ ɪꜱ 26%ᴏꜰ ʜɪꜱ ᴀɴɴᴜᴀʟ ɪɴᴄᴏᴍᴇ. ᴡʜᴀᴛ ɪꜱ ʜɪꜱ ᴍᴏɴᴛʜʟʏ ɪɴᴄᴏᴍᴇ ?

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$\huge\red{\ddot\smile} \: \: \huge{\underline{\mathtt{\red{A}\pink{N} \green{S}\blue{W} \purple{E}\orange{R}}}}$

ᴍᴏɴᴛʜʟʏ ɪɴᴄᴏᴍᴇ = 28800 ʀꜱ.

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$\huge\red{\ddot\smile} \: \: \huge{\underline{\mathtt{\red{E}\pink{X} \green{P}\blue{L} \purple{A}\orange{N}\red{T}\pink{I}\green{O}\blue{N}}}}$

ɪɴ ᴛʜᴇ Qᴜᴇꜱᴛɪᴏɴ,

ᴀᴍᴏᴜɴᴛ ᴏꜰ ᴛʜᴇ ꜱᴜᴍ ɪɴᴠᴇꜱᴛᴇᴅ ʙʏ ᴛʜᴇ ᴘᴇʀꜱᴏɴ ɪꜱ = 89856 ʀꜱ.

ᴛʜɪꜱ ᴀᴍᴏᴜɴᴛ ɪꜱ ꜰᴏᴜɴᴅ ᴏᴜᴛ ᴛᴏ ʙᴇ 26% ᴏꜰ ʜɪꜱ ᴀɴɴᴜᴀʟ ɪɴᴄᴏᴍᴇ .

ɴᴏᴡ,

ʟᴇᴛ ᴜꜱ ꜱᴀʏ ᴛʜᴀᴛ ᴛʜᴇ ᴀɴɴᴜᴀʟ ɪɴᴄᴏᴍᴇ ᴏꜰ ᴛʜᴇ ᴘᴇʀꜱᴏɴ ʙᴇ = x

ꜱᴏ,

$\mathtt{89856=\frac{26}{100}\times x} \\ \\\mathtt{So,} \\ \\\mathtt{ x=345600\ Rs.}$

ᴛʜᴇʀᴇꜰᴏʀᴇ, ᴡᴇ ʜᴀᴠᴇ ᴛʜᴇ ᴀɴɴᴜᴀʟ ɪɴᴄᴏᴍᴇ ᴏꜰ ᴛʜᴇ ᴘᴇʀꜱᴏɴ = 345600 ʀꜱ.

ɴᴏᴡ,

ᴛʜᴇ ᴍᴏɴᴛʜʟʏ ɪɴᴄᴏᴍᴇ ᴏꜰ ᴛʜᴇ ᴘᴇʀꜱᴏɴ ᴄᴀɴ ʙᴇ ɢɪᴠᴇɴ ʙʏ,

ᴍᴏɴᴛʜʟʏ ɪɴᴄᴏᴍᴇ = ᴀɴɴᴜᴀʟ ɪɴᴄᴏᴍᴇ/12

ᴛʜᴇʀᴇꜰᴏʀᴇ,

$\mathtt{Monthly\ Income =\frac{345600}{12}} \\ \mathtt{= 28800\ Rs.}$

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