A man repays a loan of Rs. 3250 by paying Rs. 20 in the first month and then increases the payment by Rs 15 every month. How long will it take him to clear the loan?

A man repays a loan of Rs. 3250 by paying Rs. 20 in the first month an

1.	A man repays a loan of Rs. 3250 by paying Rs. 20 in the first month and then increases the payment by Rs 15 every month. How long will it take him to clear the loan?
Answer» It will take him 20 months to clear the loan. We can solve this by using arithmetic progression. Arithmetic progressionis defined as a sequence where the difference between every two consecutive terms is the same.