the income of the person is rs 3,00,000 in the first year and he receives an increase of rs 10,00 to his income per year for the next 19 years find the total amount he received in 20 years
Answers
Question:
the income of the person is rs 3,00,000 in the first year and he receives an increase of rs 10,00 to his income per year for the next 19 years find the total amount he received in 20 years
Solution
Income of the person in 1st year = Rs 3,00,000
Income of the person in 2nd year = Rs3,00,000 + 10,000
= Rs 3,10,000
Income of the person in 3rd year = Rs 3,10,000 + 10,000
= Rs 3,20,000
Thus , Income received every year is 300000 , 310000 , 320000
This is an A.P as difference between consecutive terms is constant .
Here
first term = a = 300000
common difference (d) = 310000 - 300000
=10000
To find the total amount received in 20 years ,
we use the formula
Where , S , = sum of n terms of A.P.
n = number of terms
a = first term
d = common difference
Here ,
= Amount received in 20 years ,
n = 20 ,
a = 300000 ,
d = 10000
Putting the values
10 ( 600000 + 19 x 10000 ]
= 10 [ 600000 + 190000 ]
= 10 ( 790000 )
= 79,00,000
Thus , the total amount received at the end of 20 years is Rs . 79,00,000
hope it helps ☺️