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3 years ago

a family has a monthly mortgage payment of $760, which is 16% of their monthly income. What is the family's monthly income

Mathematics

2 answers:

butalik [34]3 years ago

8 0

Answer:

The monthly income of the family is $ 4750.

Step-by-step explanation:

Let x be the monthly income of the family,

16% of the monthly income = 16% of x

$=\frac{16x}{100}$

= 0.16x

According to the question,

0.16x = 760

Divide both sides by 0.16

x = $\frac{760}{0.16}$ = 4750

Hence, the monthly income of the family is $ 4750.

Hatshy [7]3 years ago

4 0

<span>Let x be the monthly income of this family. Then 16% of x is $760, meaning that (16/100)x=760. From here we get x=76000/16=4750. So the monthly income of this family is 4750 and their annual income is 12*4750=57000.</span>

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