Mahek spend 7% of her income on her children's education invested 20% in mutual funds deposited 13% in a bank - Maths - Financial Planning

Question

Mahek spend 7% of her income on her children's education invested
20% in mutual funds deposited 13% in a bank and used 35% for our
daily expenses she was left with a balance of rupees 15000 what was
her income that month

Brijendra Pal · Accepted Answer

Hi, Here we need to find the remaining % and then equate it to 15000 and then calculate 100 % income

total % of income she used = (7+13+20+35)% = 75 %

Total % of income left = 100 - 75 = 25%

Let her monthly income be x,

Then, 25% of x = 15000

25x100=15000x =Rs 60,000

Mahek spend 7% of her income on her children's education invested 20% in mutual funds deposited 13% in a bank and used 35% for our daily expenses she was left with a balance of rupees 15000 what was her income that month