A man arrangesto pay off a debt of Rs. 3600 by 40 annual instalments which form an airthemtic series. When 30 of the instalments are paid, he diesleaving one-third of the debit unpaid, find the value of the first instalment.
Please help me to solve this problem.
Hi Priyanka!
The installment paid by the man in sequent months form an A.P. Let a be installment paid in the first month and d be the increase in the installment paid in the consecutive months.
Sn = (n/2) × [2a + (n – 1)d]
The debt paid in 30 months is 2/3 of Rs 3600 = Rs 2400
∴ S30 = 2400.
⇒ (30/2) × [2a + (30 – 1)d] = 2400
⇒ 15 × [2a + 29d] = 2400
⇒ 2a + 29d = 160 … (1)
The total sum is 3600 and the man paid it in 40 months.
∴ S40 = 3600.
⇒ (40/2) × [2a + (40 – 1)d] = 3600
⇒ 20 × [2a + 39d] = 3600
⇒ 2a + 39d = 180 … (2)
Subtracting both sides of equation (1) from equation (2);
10d = 20
∴ d = 2
Substituting the value of d in equation (1);
2a + 29 × 2 = 160
⇒ 2a = 160 – 58 = 102
⇒ a = 51
Thus, the man paid Rs 51 in the first installment.
Hope! This will help you.
Cheers!