Smith invests 15 % of his monthly salary in insurance policies. He spends 55 % of his monthly salary on shopping and household expenses. He saves the remaining amount of $ 12,750. What is Smith’s monthly income?

$42500

Step-by-step explanation:

Let be the total amount be $y

Now,

Insurance = 15%

Also,

Shopping + household =55%

Therefore, the invested percent is 55(Shopping+household) + 15(Insurance) = 70%

And,

30% is the remaining amount.

According to the question given, Smith saves 12750 dollars

Hence,30% of y = 12750

Therefore,the monthly income of Smith is 42500 dollars.

okay wait before i answer, is this for your points on a graph?