The average monthly expenditure of a family was ₹8,600 during the first three months, ₹9,750 during the next four months and ₹9,920 during the last five months of the year. If the total savings during the year was ₹65,300, what was the average monthly income (in ₹) of the family?
- A.14,975
- B.15,794
- C.15,479
- D.14,597
Explanation
Total expenditure = 8600×3 + 9750×4 + 9920×5 = 1,14,400; income = 1,14,400 + 65,300 = 1,79,700; average = 179700/12 = ₹14,975.