Let:
A = Annual income
M = Monthly income
N = Number of months in the year
So, the annual income will be given by the monthly income multiplied by the number of months:
[tex]\begin{gathered} A=N\cdot M \\ 34500=12M \end{gathered}[/tex]Solve for M:
Divide both sides by 12:
[tex]\begin{gathered} \frac{34500}{12}=\frac{12M}{12} \\ 2875=M \\ M=2875 \end{gathered}[/tex]Answer:
$2875
