A man starts repaying a loan as first instalment of Rs. 100. If he increases the instalment by Rs 5 every month, what amount he will pay in the 30th instalment?
First instalment = Rs 100
Instalment increases by Rs 5
Second Instalment = Rs 105
So, every month instalment Increases by 5
Man repays 100, 105, 110, ………… every month
This forms an A.P.
A.P. is 100, 105, 110, 105, …….
First term of A.P. = 100
Common difference = 5
nth term of A.P. = tn = a + (n – 1)d
30th term = t30 = 100 + (30 – 1) × 5
= 100 + 29 × 5 = 100 + 145
t30 = 245
Man will pay Rs 245 in 30th instalment.