Plz help me with Business Mathematics problem?
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Sn = n/2{2a+(n-1)d}
Where n= no. of terms of the AP
a= first term
d = difference b/w two consecutive terms
hence for n=40
20{2a+39d}= 3600
2a+39d=180 —(1)
Similarly when 30 installments have been paid the remaining amount is 1/3rd so paid amount is 2/3rd of 3600 which is 2/3*3600= 2400 hence for n=30
15{2a+29d}=2400
2a+29d=160 –(2)
Solving equation 1 & 2
a=51
d=2
now nth term of a AP is
Tn=a+(n-1)d
Since the old man paid installment i.e. first term of AP hence the old man paid “51” as first installment.
The heirs paid the 31st installment i.e. 31st term of AP
Which is
T31= 51+30*2=111
Hence the heirs paid “111” as first installment.
Value of first installment paid by
(i)Mr. A = 51
(ii)the heirs = 111
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