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Amit's monthly income is two-fifth Rahul...

Amit's monthly income is two-fifth Rahul's monthly income. Rahul's monthly income is 42,000. What is Amit's annual income?

A

Rs 2.012 lakh

B

Rs 2.016 lakh

C

Rs 5.6016 lakh

D

Rs 3.812 lakh

Text Solution

AI Generated Solution

The correct Answer is:
To find Amit's annual income based on the information given, we can follow these steps: ### Step 1: Identify Rahul's Monthly Income Rahul's monthly income is given as ₹42,000. ### Step 2: Calculate Amit's Monthly Income Amit's monthly income is two-fifths of Rahul's monthly income. We can calculate this as follows: \[ \text{Amit's Monthly Income} = \frac{2}{5} \times \text{Rahul's Monthly Income} \] Substituting Rahul's income: \[ \text{Amit's Monthly Income} = \frac{2}{5} \times 42,000 \] ### Step 3: Perform the Calculation Now, we calculate: \[ \text{Amit's Monthly Income} = \frac{2 \times 42,000}{5} = \frac{84,000}{5} = 16,800 \] So, Amit's monthly income is ₹16,800. ### Step 4: Calculate Amit's Annual Income To find Amit's annual income, we multiply his monthly income by 12 (the number of months in a year): \[ \text{Amit's Annual Income} = \text{Amit's Monthly Income} \times 12 \] Substituting the monthly income: \[ \text{Amit's Annual Income} = 16,800 \times 12 \] ### Step 5: Perform the Calculation Now, we calculate: \[ \text{Amit's Annual Income} = 16,800 \times 12 = 201,600 \] So, Amit's annual income is ₹201,600. ### Step 6: Convert to Lakhs To express this amount in lakhs, we divide by 100,000 (1 lakh): \[ \text{Amit's Annual Income in Lakhs} = \frac{201,600}{100,000} = 2.016 \] Thus, Amit's annual income is ₹2.016 lakh. ### Final Answer Amit's annual income is ₹2.016 lakh. ---
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