Question

Twenty fishermen have made their own bank. Each saves 25 rupees every month and put it in the bank.,a. how much dose the group collect each month? b. How much money will be collected in twenty years?

Answer 1

Answer:

500 rupees per month and for twenty years is 1,20,000 rupees

Answer 2

Answer: 1,20,000

step by step explanation

20 fishermen save 25 rupees per month

20 X 25 = 500

The collect 500 rupees each month

we need to get the amount of money for one year so we have to divide 500×12

so, the money they make in one year = 6,000 rupees

so for 20 years we have to multiple 6000 by 20

6000 × 20 = 1,20,000 rupees