Ram had ₹ 1000 in his Savings Bank Account. Every month in the first week he needs money, so he withdraws ₹ 500, but by the end of the month, he deposits ₹ 750. After how many months the original amount will grow three times?
Aptitude
Simplification
Difficulty: Easy
Choose an option
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A6 months
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B7 months
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C8 months
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D9 months
Answer
Correct Answer: 8 months
Explanation
### Concept & Logic
This problem requires tracking a monthly balance with sequential deductions and additions. You must find the net change over a full month and use it to determine when a fixed final threshold is reached at the end of a cycle.
### Step-by-Step Solution
* **Given:**
* Initial balance = ₹ 1000
* Target balance = $3 \times 1000 =$ ₹ 3000
* Monthly withdrawal = ₹ 500
* Monthly deposit = ₹ 750
* **Deduction:**
Find the net monthly growth after a full cycle (withdrawal + deposit).
$$\text{Net Monthly Increase} = 750 - 500 = ₹ 250$$
We need to find the number of months $m$ it takes to reach ₹ 3000 at the end of a month.
* **Calculation:**
After $m$ months, the balance at the end of the month is expressed as:
$$\text{Balance} = 1000 + 250m$$
Set the equation to reach the target balance:
$$1000 + 250m = 3000$$
$$250m = 2000$$
$$m = 8$$
Let's verify the 8th month:
Start of month 8 balance = ₹ 2750.
First week withdrawal = $2750 - 500 =$ ₹ 2250.
End of month deposit = $2250 + 750 =$ ₹ 3000. Target reached perfectly.
### Exam Strategy & Shortcut
Simply use the net monthly gain as a linear rate.
$\text{Required Growth} = 3000 - 1000 = 2000$.
Since each month ends with a net $+250$, divide the required growth by the net gain:
$2000 \div 250 = 8$.
### Common Pitfall
Applying the "monkey climbing" logic (where the target might be hit mid-cycle). Here, the negative action (withdrawal) happens *first*, causing a mid-month dip, and the positive peak happens *last* with the deposit. Thus, the target is hit at the end of the month, and standard linear rate division works without needing to adjust for an early threshold cross.
### Final Answer
**Therefore, the correct answer is 8 months.**