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
[tex]=\frac{16x}{100}[/tex]
= 0.16x
According to the question,
0.16x = 760
Divide both sides by 0.16
x = [tex]\frac{760}{0.16}[/tex] = 4750
Hence, the monthly income of the family is $ 4750.