Manpreet wants to invest some money for his future. He decided to save some part of his monthly salary for this. He started with & 500 in the month of January. But he increased his monthly savings by & 500 in the next month and managed to save & 1000 in February. He did the same for the next few years and managed to save 7 333000 after a few months. (i) Find his total savings after 1 year. () After how many months did he manage to save * 60000.
Answers 1
Answer:
i) 11500
ii) 63 months
Step-by-step explanation:
i)
1st month savings = 500
other 11 months = 1000
11×1000=11000
total months (12) = 500 + 11000 = 11500
ii)
1 year savings = 11500
for 60 months(5years) = 57500
6th year,
1st month = 500
2nd month = 1000
3rd month = 1000
finally we got 60000
therefore total month is 60 +3 = 63.
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Author:
marley80
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