The Aggregate Monthly Expenditure Of A Family Was $ 6240 During The F

1.	The Aggregate Monthly Expenditure Of A Family Was $ 6240 During The First 3 Months, $ 6780 During The Next 4 Months And $ 7236 During The Last 5 Months Of A Year. If The Total Saving During The Year Is $ 7080, Find The Average Monthly Income Of The Family?
Answer» TOTAL EXPENDITURE during the year = $[6240 × 3 + 6780 × 4 + 7236 × 5] = $ [18720 + 27120 + 36180] = $ 82020. Total income during the year = $ (82020 + 7080) = $ 89100. Average MONTHLY income = (89100/12) = $7425. Hence, the average monthly income of the family is $ 7425. Total expenditure during the year = $[6240 × 3 + 6780 × 4 + 7236 × 5] = $ [18720 + 27120 + 36180] = $ 82020. Total income during the year = $ (82020 + 7080) = $ 89100. Average monthly income = (89100/12) = $7425. Hence, the average monthly income of the family is $ 7425.

The Aggregate Monthly Expenditure Of A Family Was $ 6240 During The First 3 Months, $ 6780 During The Next 4 Months And $ 7236 During The Last 5 Months Of A Year. If The Total Saving During The Year Is $ 7080, Find The Average Monthly Income Of The Family?

Answer»

TOTAL EXPENDITURE during the year

= $[6240 × 3 + 6780 × 4 + 7236 × 5]

= $ [18720 + 27120 + 36180]

= $ 82020.

Total income during the year = $ (82020 + 7080) = $ 89100.

Average MONTHLY income = (89100/12) = $7425.

Hence, the average monthly income of the family is $ 7425.

Total expenditure during the year

= $[6240 × 3 + 6780 × 4 + 7236 × 5]

= $ [18720 + 27120 + 36180]

= $ 82020.

Total income during the year = $ (82020 + 7080) = $ 89100.

Average monthly income = (89100/12) = $7425.

Hence, the average monthly income of the family is $ 7425.