plz explain with whole process
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Answer:
80,000 rs
Step-by-step explanation:
money he spends on expenses = 60% of his income
money he spends on house loan = 20% of his income
money he totally spends = (60+20) = 80% of his income
rest is his savings (i.e.) 100-80=20% of his income (i.e.) as given (16,000rs)
so let his income be y
his income =
16,000 = 20/100 × y
16,000 × 100 = 20y
16,000 × 100/20= y
16,000 × 5 = y
80,000 = y
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