2. A man borrows 8000 and agrees to repay with a total interest of 1360 in 12
monthly instalments. Each instalment being less than the preceding one by
Find the amount of the first and last instalment.
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8000 and agrees to repay with a total interest of rs.1360 in 12 monthly instalments.Each ... Each instalment being less than the preceding one by rs.40. find the ... where common difference d = -40, number of terms n = 12, and sum of 12 terms is 9360 ... Therefore first installment is 1000 and last one is 560.
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amount of first instalment is $ 1000 and
amount of last instalment is $ 560
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