Let the number of years required be x.
Number of months |
3 months = \(\frac{3}{12}\times\,150000\) year
= 37500 |
x |
Deposit per month in Rs |
Rs 5000 |
150000 |
No. of years and deposit are direct proportion as they both increases simultaneously.
He can save Rs 1,50,000 in 7\(\frac{1}{2}\) years.