Question

Jaspal singh repays is loan of total 1,18,000 rupees by paying

every month starting with the first instalment of 1,000 rupees. If he

increases instalment by 100 rupees every month, then how many

months did he take to complete his loan?​

Answer 1

Answer:

total loan = 1,18,000

first installment = 1,000

increases installment every month= 100Rs

months he take to complete his loan= 118000÷

1000 - 100

= 118-100

= 18 months