Question Details

Shiya invests ₹1,53,000, which is 30% of her annual income, in mutual funds. What is her monthly income (in ₹)?

Options

A

45,800

B

42,500

C

55,600

D

52,300

Show Answer

Correct Answer :

Option B

42,500

Solution :

To find Shiya's monthly income, we can break down the problem into logical mathematical steps:

Step 1: Understand the given information
Shiya's investment in mutual funds = ₹1,53,000
This investment is equal to 30% of her annual income.

Step 2: Calculate the annual income
Let Shiya's annual income be A.
According to the problem:
30% of A=1,53,000

We can write this as a mathematical equation:
30100×A=1,53,000

To find A, we multiply both sides by 10030:
A=1,53,000×10030

Simplifying the expression:
A=5,100×100
A=5,10,000

So, Shiya's annual income is ₹5,10,000.

Step 3: Calculate the monthly income
Since there are 12 months in a year, we divide her annual income by 12 to find her monthly income:
Monthly income=Annual income12

Monthly income=5,10,00012
Monthly income=42,500

Therefore, Shiya's monthly income is ₹42,500.

The correct option is 42,500.

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