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The average monthly expenditure of a fam...

The average monthly expenditure of a family is ₹ 8160 for first 2 months, ₹ 12780 for next 5 months and ₹ 14280 for 5 months. If the family saves ₹ 66300 in the whole year, then what will be the average monthly income of the family?

A

₹18000

B

₹18160

C

₹18100

D

₹18260

Text Solution

AI Generated Solution

The correct Answer is:
To find the average monthly income of the family, we will follow these steps: ### Step 1: Calculate the total expenditure for each period. 1. **First 2 months expenditure**: - Average monthly expenditure = ₹ 8160 - Total expenditure for 2 months = 2 * ₹ 8160 = ₹ 16320 2. **Next 5 months expenditure**: - Average monthly expenditure = ₹ 12780 - Total expenditure for 5 months = 5 * ₹ 12780 = ₹ 63900 3. **Last 5 months expenditure**: - Average monthly expenditure = ₹ 14280 - Total expenditure for 5 months = 5 * ₹ 14280 = ₹ 71400 ### Step 2: Calculate the total annual expenditure. - Total expenditure for the year = Expenditure for first 2 months + Expenditure for next 5 months + Expenditure for last 5 months - Total expenditure = ₹ 16320 + ₹ 63900 + ₹ 71400 - Total expenditure = ₹ 151620 ### Step 3: Calculate the total income. - Given that the family saves ₹ 66300 in the whole year, we can find the total income using the formula: \[ \text{Total Income} = \text{Total Expenditure} + \text{Savings} \] - Total Income = ₹ 151620 + ₹ 66300 - Total Income = ₹ 217920 ### Step 4: Calculate the average monthly income. - Average monthly income = Total Income / 12 - Average monthly income = ₹ 217920 / 12 - Average monthly income = ₹ 18160 ### Final Answer: The average monthly income of the family is ₹ 18160. ---
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