Question

Babubhai borrows Rs. 4,000 and agrees to repay with a total interest of Rs. 500 in 10 installments, each installment being less than the preceding installment by Rs. 10. What should be the first and the last installments?

Answer 1

Each installment is Rs. 10 less than the preceding one.
∴ The installments are in A.P. with a common difference - 10
Babubhai repays Rs. 4000 with the interest of Rs. 500 in 10 installments
i.e. S₁₀ =4000 + 500= 4500
Here n = 10, d = 10 and S₁₀ = 4500.
we have to find the 1st instalment i.e. a,

`S_n = "n"/2[2"a" + ("n"-1)"d"]`

`S_10 = 4500 = 10/2[2"a" + (10-1)(-10)]`

∴ 4500 = 5[2a + 9x(-10)]

∴ 4500/5 = [2a + 9x(-10)]

∴ 900 = 2a - 90

∴2a = 900 + 90 = 990

∴a = 990/2 = 495

∴a = 495

t_n = last instalment.

`"t"_"n" = "a" + ("n" - 1)"d"`

`"t"_10=495+(10-1)xx(-10)`

`"t"_10=495+9xx(-10)`

`"t"_10=495-90`

`therefore "t"_10=405`

The first installment is Rs. 495 and the last installment is Rs. 405.