a mand arranges to payoff a debt of Rs 3600 by 40 annual increments, whichform and arithmetic progression, when 30th of the instalments are paid he dies leaving a one third of debt unpaid.calculate the value of first instalment.
I think that the wording of the question leaves much to be desired, but here's my interpretation of it.
As a preamble, the sum to n terms of the arithmetic progression with first term a and common difference d is (n/2)(2a + (n-1)d).
I take it that the first payment is a, the second a+d, the third a+2d and so on.
The intention was that 3600 was paid off in 40 instalments, so
3600 = (40/2)(2a + (40-1)d) , that is, 180 = 2a + 39d.
Two thirds are paid off after 30 instalments, so
2400 = (30/2)(2a + (30-1)d), or, 160 = 2a + 29d.
Solve those and you get a=51 and d=2.
Mmmm..I wondered about this one yesterday, too !!!
One fourth of one third = (1/12) * 3600 = 300......so he has paid 3300 after 30 payments
So, letting a1 be the first payment and d be the monthly payment after that (i.e., the common difference), we have
a1 + 39d = 3600
a1 + 29d = 3300 ...multiply the second equation by -1 and add it to the first one
10d = 300
d=30
a1 + 29(30) = 300
a1 + 870 = 300
a1 = -570
I still come up with a negative initial payment.......maybe I'm doing something wrong......can anybody else help out??
I looked at this one before chris but I really do not understand the question.
Can you write your interpretation out for me. What is R? What is 3600? I have no idea.
I think that the wording of the question leaves much to be desired, but here's my interpretation of it.
As a preamble, the sum to n terms of the arithmetic progression with first term a and common difference d is (n/2)(2a + (n-1)d).
I take it that the first payment is a, the second a+d, the third a+2d and so on.
The intention was that 3600 was paid off in 40 instalments, so
3600 = (40/2)(2a + (40-1)d) , that is, 180 = 2a + 39d.
Two thirds are paid off after 30 instalments, so
2400 = (30/2)(2a + (30-1)d), or, 160 = 2a + 29d.
Solve those and you get a=51 and d=2.