Advertisements
Advertisements
Question
A farmer buys a used tractor for Rs 12000. He pays Rs 6000 cash and agrees to pay the balance in annual instalments of Rs 500 plus 12% interest on the unpaid amount. How much the tractor cost him?
Advertisements
Solution
Cost of the tractor = Rs 12000
It is given that the farmer pays Rs 6000 in cash.
Unpaid amount = Rs 6000
He has to pay Rs 6000 in annual instalments of Rs 500 plus 12% interest on the unpaid amount.
∴ Number of years taken by the farmer to pay the whole amount = 6000
\[\div\] 500 = 12
Hence, the interest paid by farmer annually would be as follows:
12 % of Rs 6000 + 12 % of Rs 5500 + 12 % of Rs 5000
\[ = 720 + 660 + 600 . . . . \]
It is in an A.P. where a = 720 , d = \[-\] 60 \text { and } n = 12.
Total sum:
\[\frac{12}{2}\left[ 2 \times 720 + 11 \times - 60 \right]\]
\[ = 6\left[ 1440 - 660 \right]\]
\[ = \text {Rs }4680\]
∴ Amount the farmer has to pay = Rs 12000 + Rs 4680 = Rs 16680
APPEARS IN
RELATED QUESTIONS
In an A.P, the first term is 2 and the sum of the first five terms is one-fourth of the next five terms. Show that 20th term is –112.
In an A.P., if pth term is 1/q and qth term is 1/p, prove that the sum of first pq terms is 1/2 (pq + 1) where `p != q`
Find the sum to n terms of the A.P., whose kth term is 5k + 1.
The ratio of the sums of m and n terms of an A.P. is m2: n2. Show that the ratio of mth and nthterm is (2m – 1): (2n – 1)
Find the sum of integers from 1 to 100 that are divisible by 2 or 5.
The pth, qth and rth terms of an A.P. are a, b, c respectively. Show that (q – r )a + (r – p )b + (p – q )c = 0
A farmer buys a used tractor for Rs 12000. He pays Rs 6000 cash and agrees to pay the balance in annual installments of Rs 500 plus 12% interest on the unpaid amount. How much will be the tractor cost him?
Is 68 a term of the A.P. 7, 10, 13, ...?
Which term of the sequence 24, \[23\frac{1}{4,} 22\frac{1}{2,} 21\frac{3}{4}\]....... is the first negative term?
Which term of the sequence 12 + 8i, 11 + 6i, 10 + 4i, ... is purely imaginary?
The sum of 4th and 8th terms of an A.P. is 24 and the sum of the 6th and 10th terms is 34. Find the first term and the common difference of the A.P.
If the sum of three numbers in A.P. is 24 and their product is 440, find the numbers.
Find the sum of the following serie:
2 + 5 + 8 + ... + 182
Find the sum of the series:
3 + 5 + 7 + 6 + 9 + 12 + 9 + 13 + 17 + ... to 3n terms.
How many terms are there in the A.P. whose first and fifth terms are −14 and 2 respectively and the sum of the terms is 40?
The number of terms of an A.P. is even; the sum of odd terms is 24, of the even terms is 30, and the last term exceeds the first by \[10 \frac{1}{2}\] , find the number of terms and the series.
If 12th term of an A.P. is −13 and the sum of the first four terms is 24, what is the sum of first 10 terms?
If the 5th and 12th terms of an A.P. are 30 and 65 respectively, what is the sum of first 20 terms?
If the sum of a certain number of terms of the AP 25, 22, 19, ... is 116. Find the last term.
How many terms of the A.P. −6, \[- \frac{11}{2}\], −5, ... are needed to give the sum −25?
Find an A.P. in which the sum of any number of terms is always three times the squared number of these terms.
If \[\frac{1}{a}, \frac{1}{b}, \frac{1}{c}\] are in A.P., prove that:
a (b +c), b (c + a), c (a +b) are in A.P.
If a2, b2, c2 are in A.P., prove that \[\frac{a}{b + c}, \frac{b}{c + a}, \frac{c}{a + b}\] are in A.P.
If a, b, c is in A.P., then show that:
bc − a2, ca − b2, ab − c2 are in A.P.
If a, b, c is in A.P., prove that:
(a − c)2 = 4 (a − b) (b − c)
If \[a\left( \frac{1}{b} + \frac{1}{c} \right), b\left( \frac{1}{c} + \frac{1}{a} \right), c\left( \frac{1}{a} + \frac{1}{b} \right)\] are in A.P., prove that a, b, c are in A.P.
Insert five numbers between 8 and 26 such that the resulting sequence is an A.P.
The income of a person is Rs 300,000 in the first year and he receives an increase of Rs 10000 to his income per year for the next 19 years. Find the total amount, he received in 20 years.
A man saved ₹66000 in 20 years. In each succeeding year after the first year he saved ₹200 more than what he saved in the previous year. How much did he save in the first year?
If log 2, log (2x − 1) and log (2x + 3) are in A.P., write the value of x.
If the sums of n terms of two arithmetic progressions are in the ratio 2n + 5 : 3n + 4, then write the ratio of their m th terms.
If m th term of an A.P. is n and nth term is m, then write its pth term.
Sum of all two digit numbers which when divided by 4 yield unity as remainder is
If the sum of n terms of an A.P., is 3 n2 + 5 n then which of its terms is 164?
If a1, a2, ..., an are in A.P. with common difference d (where d ≠ 0); then the sum of the series sin d (cosec a1 cosec a2 + cosec a2 cosec a3 + ...+ cosec an–1 cosec an) is equal to cot a1 – cot an
In an A.P. the pth term is q and the (p + q)th term is 0. Then the qth term is ______.
If n AM's are inserted between 1 and 31 and ratio of 7th and (n – 1)th A.M. is 5:9, then n equals ______.
The number of terms in an A.P. is even; the sum of the odd terms in lt is 24 and that the even terms is 30. If the last term exceeds the first term by `10 1/2`, then the number of terms in the A.P. is ______.
If b2, a2, c2 are in A.P., then `1/(a + b), 1/(b + c), 1/(c + a)` will be in ______
