Question
The average monthly expenditure of a family was Rs.
2,500 during the first 4 months, Rs. 2,750 during the next 5 months and 3,550 during the last 3 months of a year. If the total saving during the year was Rs. 5,500, what was the average monthly income of the family?Solution
First 4 months: Average expenditure = Rs. 2,500 Total for 4 months = 4 × 2500 = 10,000 Next 5 months: Average expenditure = Rs. 2,750 Total for 5 months = 5 × 2750 = 13,750 Last 3 months: Average expenditure = Rs. 3,550 Total for 3 months = 3 × 3550 10,650 Add these to get the total annual expenditure: Total Expenditure = 10,000+13, 750+10,650 =34, 400 Given the total savings for the year is Rs. 5,500, we can find the total income by adding the savings to the total expenditure: Total Income = Total Expenditure + Total Savings Total Income =34, 400+ 5,500 = 39,900 Average monthly income =39900/12 =3325.
Who is the author of "Homeless: Growing up Lesbian and Dyslexic in India"?
SBI has issued additional tier-1 (AT1) bonds worth a total of Rs 6,872 crore at a cut-off of how many %?
What is the full form of ANKUR, the urban transformation initiative launched by Odisha?
The currency of Russia is:
What were the dates of the 28th National Conference on e-Governance 2025 in Visakhapatnam?
What is the main benefit for NSDL Payments Bank being added to the Second Schedule of the RBI Act?Â
What challenge continues to delay the finalization of the New Collective Quantified Goal (NCQG) for climate finance?
SEBI has restructured its advisory committee on market data that recommends policy measures pertaining to areas like securities market data access and p...
Justice Mohammad Yousuf Wani was administered the oath of office as an Additional Judge of which High Court?
Which Life Insurance company has launched its dedicated 24X7 inbound contact centre to address before and after purchase queries related to comprehensiv...