A man saves Rs.500 which is 15% of his annual income. How much does he earn in one year?
- 3333.33
- 3075.75
- 3542.50
- 3132.30
Explanation
Since he saves 15% of his annual income, we can set up the equation:
15% of x = 500
To find the value of x, we can convert the percentage to a decimal by dividing by 100:
0.15x = 500
Now, divide both sides by 0.15:
x = 500 / 0.15
x = 3333.33
So, the man's annual income is Rs. 3333.33.
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