Question

Amit spends 60℅ of his income on household expenses and 20℅ of his income on the repayment of his home loan and rent is his savings find the income if the amount he saves per month is given as rupees 16000.​

Answer 1

Answer:

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Step-by-step explanation:

Let,

His current income = Rs. x

Now, Amount spend on household =

$= 60\% \: of \: x \\ = \frac{60}{100} \times x \\ = \frac{6x}{10} \\ amount \: spend \: repayment \\ of \: 20\% \: of \: x \\ \\ \\ income - expenditure = saving \\ x - ( \frac{6x}{10} - \frac{2x}{10} ) = 16000 \\ x - \frac{8x}{10} = 16000 \\ 2x = 16000 \times 10 \\ x = 16000 \times \frac{10}{2} = \\ = x = 16000 \times 5 \\ x = 80000$

Answer 2

Answer:

Amit's income = Rs 80,000