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A family has an average income of $5000 per month. If the family consists of 4 m

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Question: A family has an average income of $5000 per month. If the family consists of 4 members, what is the total income of the family? (2023)

Options:

  1. $15000
  2. $20000
  3. $25000
  4. $30000

Correct Answer: $20000

Exam Year: 2023

Solution: 

Total income = Average income × Number of members = 5000 × 4 = $20000.

A family has an average income of $5000 per month. If the family consists of 4 m

Practice Questions

Q1
A family has an average income of $5000 per month. If the family consists of 4 members, what is the total income of the family? (2023)
  1. $15000
  2. $20000
  3. $25000
  4. $30000

Questions & Step-by-Step Solutions

A family has an average income of $5000 per month. If the family consists of 4 members, what is the total income of the family? (2023)
  • Step 1: Identify the average income of the family, which is $5000 per month.
  • Step 2: Identify the number of members in the family, which is 4.
  • Step 3: Use the formula for total income: Total income = Average income × Number of members.
  • Step 4: Substitute the values into the formula: Total income = 5000 × 4.
  • Step 5: Calculate the total income: 5000 multiplied by 4 equals $20000.
  • Average Income Calculation – Understanding how to calculate total income from average income and the number of members in a family.
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