A person invests 89856 in mutual fund, which is 26%of his annual income. what is his monthly income ?
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A person invests 89856 in mutual fund, which is 26%of his annual income. what is his monthly income ?
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ᴀ ᴘᴇʀꜱᴏɴ ɪɴᴠᴇꜱᴛꜱ 89856 ɪɴ ᴍᴜᴛᴜᴀʟ ꜰᴜɴᴅ, ᴡʜɪᴄʜ ɪꜱ 26%ᴏꜰ ʜɪꜱ ᴀɴɴᴜᴀʟ ɪɴᴄᴏᴍᴇ. ᴡʜᴀᴛ ɪꜱ ʜɪꜱ ᴍᴏɴᴛʜʟʏ ɪɴᴄᴏᴍᴇ ?
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ᴍᴏɴᴛʜʟʏ ɪɴᴄᴏᴍᴇ = 28800 ʀꜱ.
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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,
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,
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