A man borrows Rs. 12,000 and promises to pay back in 20 instalments, each of value Rs 30 more than the last. Find the first instalment.
Q. A man borrows Rs. 12,000 and promises to pay back in 20 instalments, each of value Rs 30 more than the last. Find the first instalment.
Solution:
Let us assume that a=first installment, d=common difference, n= number of installments.
Here, Sₙ=12,000, n=20, d=30.
To find a=?
Therefore the first installment is Rs. 315
Solution:
Let us assume that a=first installment, d=common difference, n= number of installments.
Here, Sₙ=12,000, n=20, d=30.
To find a=?
Therefore the first installment is Rs. 315

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