A construction company offers a scheme on a flat to attract customers. In this scheme, customer has to pay ₹ 10,000 as the first installment and has to pay double the amount of the preceeding installment in the subsequent annual installments. What is the total amount that the customer has
to pay upto 10 installments ?
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Step-by-step explanation:
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Given :-
- customer has to pay ₹ 10,000
- the first installment and has to pay double
- the amount of the preceeding installment in the subsequent annual installments.
To Find :-
- What is the total amount that the customer has to pay upto 10 installments ?
Solution :-
1st installment. = ₹ 10,000
2nd installment = ₹ 10,000×2=20,000
3rd installment = ₹20,000×2=40,000
4th installment = ₹40,000×2=80,000
5th installment. = ₹80,000×2=1,60,000
6th installment =₹1,60,000×2=3,20,000
7th installment =₹3,20,000×2=6,40,000
8th installment =₹6,40,000×2=12,80,000
9th installment =₹12,80,000×2=25,60,000
10th installment=₹25,60,000×2=51,20,000
Hence the 10th installment is ₹51,20,000
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