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A mail starts repaying a loan as first instalment of Rs. 100.

Question

A mail starts repaying a loan as first instalment of Rs. 100. If he increases the instalment by Rs 5 every month, what amount he will pay in the $30^{t h}$ instalment?

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Sebastian Discussed

A mail starts repaying a loan as first instalment of Rs. 100. If he increases the instalment by Rs 5 every month, what amount he will pay in the

30^{t h}

instalment?

12 mins ago

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12 mins ago

Text solutionVerified

Solution: Above question can be solved using Arithmatic progression.
Here,

a_{1} = 100, d = 5 and n = 30

Then, 30th term

(a_{30}) = a_{1} + (n - 1) d

= 100 + 5 * 29 = 245

So, he has to pay Rs

245

30 t h

installment.

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Question Text	A mail starts repaying a loan as first instalment of Rs. 100. If he increases the instalment by Rs 5 every month, what amount he will pay in the $30^{t h}$ instalment?
Answer Type	Text solution:1
Upvotes	150