1.

Ajay Sharma repays the borrowed amount of* 3,25,000 by paying * 30500 in the firstmonth and then decreases the payment by*1500 every month. How long will it take toclear his amount?[3 Marks]

Answer»

let he pay in n th terma= 30500d= -1500a+(n-1)d= ln30500+(n-1)(-1500)=325000



Discussion

No Comment Found