Question

a Man repays a loan of Rs 5400 in the first month and then increasing the payment by 300 every month how long will it take for time to clear the loan​

Answer 1

18 months ANSWER

1. 5400-300 = 5100
2. 5100-300 = 4800
3. 4800-300 = 4500
4. 4500-300 = 4200
5. 4200-300 = 3900
6. 3900-300 = 3600
7. 3600-300 = 3300
8. 3300-300 = 3000
9. 3000-300 = 2700
10. 2700-300 = 2400
11. 2400-300 = 2100
12. 2100-300 = 1800
13. 1800-300 = 1500
14. 1500-300 = 1200
15. 1200-300 = 900
16. 900-300 = 600
17. 600-300 = 300
18. 300-300 = 0

or

5400÷300 = 18

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