Anshul wants to purchase a cricket kit for himself. He gets a pocket money of ₹1000 every month. The kit costs ₹12000. Assuming that he saves half his pocket money, after how many years will he be able to purchase the bat?
A
2.5 years
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B
1.8 years
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C
1.5 years
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D
2 years
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Solution
The correct option is D 2 years After saving half his pocket money, ₹500 will be left every month. Number of months =CostofbatMoneysavedeverymonth =₹12000500=24 Hence, Anshul will be able to purchase the bat in 24 months i.e. 2 years.