A man spends Rs.2,300 monthly on average for the first four months and Rs.1,800 monthly for the next eight months and saves Rs.12,400 a year. Find his monthly income.
Answer & explanation
Correct answer: option 1
Total yearly spending = 4 x 2300 + 8 x 1800 = 23600
Total yearly saving = 12400
Total Yearly income = 36000
So monthly income = 3000