A man saves Rs.500 which is 15% of his annual income. How much does he earn in one year?

A man saves Rs.500 which is 15% of his annual income. How much does he earn in one year?

Explanation

Since he saves 15% of his annual income, we can set up the equation:

15% of x = 500

To find the value of x, we can convert the percentage to a decimal by dividing by 100:

0.15x = 500

Now, divide both sides by 0.15:

x = 500 / 0.15

x = 3333.33

So, the man's annual income is Rs. 3333.33.