If there are 4 families in a country with a per capita income of $15000. The income of the three families is $10000, $20000 and $12000. What is the income of the 4th family?
Per capita Income = Total income of a country / Total population
Let the income of the fourth family in the given question be $X.
$15000 = ($10000+$20000+$12000+ income of the fourth family)/4
$15000 = ($42000+x)/4
$60000 = $42000+x
X=$60000-$42000
X=$18000
The income of the fourth family = $18000.
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