Question

A person invests ₹89856 in mutual funds which is 26% of his annual income .What is his monthly income with total solution

Answer 1

Answer:

Let the annual income of the man be X

Therefore,

26 % of X = 89856

26/100 × X = 89856

0.26 X = 89856

X = 89856/0.26

X = 345,600 (Rs)

Answer 2

Answer:

Monthly Income = 28800 Rs.

Step-by-step explanation:

In the question,

Amount of the sum invested by the person is = 89856 Rs.

This amount is found out to be 26% of his annual income .

Now,

Let us say that the Annual income of the person be = x

So,

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

Therefore, we have the annual income of the person = 345600 Rs.

Now,

The monthly income of the person can be given by,

Monthly income = Annual Income/12

Therefore,

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