A man saves Rs.12,000 during the first year, Rs.16,000 in the second year, Rs.20,000 in the third year. If he continues his savings in this sequence, then in how many years will he save Rs.2,00,000? How much will he save in 10 years?
Answers
Answer: Total number of years are 8 years and in 10 years he will save 300000.
Given: First year saving = 12000
Second year saving = 16000
Third year saving = 20000
To Find: how many years will he save Rs.2,00,000? How much will he save in 10 years?
Step-by-step explanation:
Step 1: First year saving = 12000
Second year saving = 16000
Third year saving = 20000
Step 2: The first n terms of the arithmetic sequence are added together to form the sum of the first n terms of AP. The product of the difference between the second and first terms, "d," also known as the common difference, and (n-1), where n is the number of terms to be added, is equal to n divided by 2 times the sum of twice the first term, "a."
Step 3: Common difference = 16000 - 12000 = 4000
First term (a) = 12000
Sum (s) = 200000
As we know that for an A.P sum of first n terms is
After solving the above equation, we get
n= 7.8 and -12.80
Hence, Total number of years are 8 years.
Step 4: For n= 10 total sum will be
Hence, in 10 years he will save 300000.
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Answer:
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Step-by-step explanation:
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