- Rs. 4400
- Rs. 4000
- Rs. 4270
- None
Let’s denote:
- Monthly income = X
We know:
- He spends Rs. 3500 per month.
- He saves 12.5% of his income.
We can write the equation:
- Spending + Savings = Income
- 3500 + 12.5% of X = X
Solving the equation:
- Convert 12.5% to a decimal: 12.5/100 = 0.125
- 3500 + 0.125X = X
- Subtract 0.125X from both sides:
- 3500 = 0.875X
- Divide both sides by 0.875:
- X = 3500 / 0.875
- X = 4000
Therefore, his monthly income is Rs. 4000.
So, the correct answer is (B) Rs. 4000.