Hello!
Rate of income tax = Tax paid / Monthly income
⇒ Rate = 8,000 / 40,000
⇒ Rate = 0.2
⇒ Rate = 20%
∴ The rate of income tax is 20%.
Answer:
LN = 64 units
Step-by-step explanation:
Given M lies on LN, so LN = LM + MN --------------(1)
LN = 12x + 16
LM = 10x + 8
MN = 5x - 4
Substituting the values in equation 1, we get:
12x + 16 = (10x + 8) + (5x - 4)
12x + 16 = 15x + 4
15x - 12x = 16 -4
3x=12
Therefore x=4
LN= 12(4) + 16 = 64 units
