Raju has ₹11,000 and starts saving ₹5,000 each week towards buying a new laptop. At the same time, Ramesh has ₹60,000 and begins spending ₹2,000 per week on supplies for his art class. Will there be a week when they have the same amount of money?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Yes, after 6 weeks.
Let the money be the same in x weeks.
Raju's total money in 'x' weeks = 11000 + 5000x
Ramesh's total money in 'x' weeks = 60000 - 2000x
11000 + 5000x = 60000 - 2000x
7000x = 49000
x = 49000/7000 = 7
So, 7 - 1 = 6 weeks after the sum of money will be same
Therefore, after 6 weeks, they will both have the same amount of money.