Math Problem Statement

The average expenditure of a man for first 5 months is Rs. 120 and in further next 7 months is Rs. 130. Find his average monthly income if he saves Rs. 290 during the year?

Solution

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Math Problem Analysis

Mathematical Concepts

Averages
Income and Expenditure
Savings

Formulas

Total expenditure = Average expenditure × Number of months
Total income = Total expenditure + Savings
Average monthly income = Total income ÷ 12

Theorems

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Suitable Grade Level

Grades 6-8