Question

20workers in a factory have set up their own bank. Each saves Rs 300 per month and put it in the bank. How much money does the group collect each month? Also, how much money will be collected by the group in 15 years? step by step explanation please

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Answer 1

Step-by-step explanation:

given,

workers=20

each saves=300\-

total savings per month=20*300=6000

total savings per year=6000*12=72000

total savings for 15years=72000*15=1080000

so,total savings in 15years is1080000rupees