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  • Question
  • A man arranges to pay off a debt of ?3600 in 40 annual installments which form an Arithmetic Progression (A.P). When 30 of the installments are paid, he dies leaving one-third of the debt unpaid . Find the value of the first installment.


  • Options
  • A. 55
  • B. 53
  • C. 51
  • D. 49

  • Correct Answer
  • 51 

    Explanation

    Let us assume the first installment is a and difference between two consecutive installments is d.
    According to question,
    Sum of 40 Installments = 3600
    Apply the formula Sum of first n terms in an Arithmetic Progression = Sn = n/2[ 2a + (n?1)d ]
    where a = the first term, d = common difference, n = number of terms.

    n/2[ 2a + (n?1)d ] = 3600
    Put the value of a, n and d from question,
    40/2[ 2a + (40 ?1)d ] = 3600
    20[ 2a + 39d ] = 3600
    [ 2a + 39d ] = 3600/20 = 180
    2a + 39d = 180...........................(1)

    Again according to given question,
    After paying the 30 installments the unpaid amount = 1/3(total unpaid amount) = 3600 x 1/3
    After paying the 30 installments the unpaid amount = 1200
    So After paying the 30 installments the paid amount = 3600 - 1200 = 2400
    Sum of 30 installments = 2400
    30/2[ 2a + (30 ?1)d ] = 2400
    [ 2a + (30 ?1)d ] = 2400 x 2/30
    2a + 29d = 80 x 2 = 160
    2a + 29d = 160..........................(2)
    Subtract the Eq. (2) from Eq. (1), we will get
    2a + 39d - 2a - 29d = 180 - 160
    10d = 20
    d = 2
    Put the value of d in Equation (1), we will get
    2a + 39 x 2 = 180
    2a = 180 - 78
    a = 102/2
    a = 51
    The value of first installment = a = 51


  • Linear Equation problems


    Search Results


    • 1. 
      On March 1st 2016 , sherry saved ? 1. Everyday starting from March 2nd 2016, he save ?1 more than the previous day . Find the first date after March 1st 2016 at the end of which his total savings will be a perfect square.

    • Options
    • A. 17th March 2016
    • B. 18th March 2016
    • C. 26th March 2016
    • D. None of these
    • Discuss
    • 2. 
      How many 3-digits numbers are completely divisible by 6?

    • Options
    • A. 149
    • B. 150
    • C. 151
    • D. 166
    • Discuss
    • 3. 
      The Fourth term of an Arithmetic Progression is 37 and the Sixth term is 12 more than the Fourth term. What is the sum of the Second and Eight terms?

    • Options
    • A. 54
    • B. 64
    • C. 74
    • D. 84
    • Discuss
    • 4. 
      If 36 men can do a piece of work in 25 hours, in how many hours will 15 men do it?

    • Options
    • A. 45
    • B. 55
    • C. 60
    • D. 72
    • Discuss
    • 5. 
      Some persons can do a piece of work in 12 days. Two times the number of such persons will do half of that work in :

    • Options
    • A. 16
    • B. 12
    • C. 8
    • D. 3
    • Discuss
    • 6. 
      A number 15 is divided into 3 parts which are in Arithmetic Progression (A.P) and the sum of their squares is 83. What will be the smallest number?

    • Options
    • A. 5
    • B. 3
    • C. 6
    • D. 8
    • Discuss
    • 7. 
      A boy agrees to work at the rate of 1 rupees on the first day, 2 rupees on the second day. Four rupees on the third day and so on . how much will the boy get if he starts working on the 1st of February and finishes on the 20th of February?

    • Options
    • A. 220
    • B. 220-1
    • C. 219-1
    • D. 219
    • Discuss
    • 8. 
      what is the sum of all the two-digits numbers which when divided by 7 gives a remainder of 3?

    • Options
    • A. 94
    • B. 676
    • C. 696
    • D. None of these
    • Discuss
    • 9. 
      If the m th term of an Arithmetic Progression (AP) is 1/n and n th term is 1/m, then find the sum of mn terms.

    • Options
    • A. (mn-1)/4
    • B. (mn+1)/4
    • C. (mn+1)/2
    • D. (mn-1)/2
    • Discuss
    • 10. 
      The Sum of all terms of the arithmetic progression having 10th terms except for the 1st term, is 99, and except for the 6th term , 89. Find the 3rd terms of the progression if the sum of the 1st and the 5th term is equal to 10.

    • Options
    • A. 15
    • B. 5
    • C. 8
    • D. 10
    • Discuss


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