A man starts repaying a loan as first instalment of $Rs.$ $100 .$ If he increases the instalment by $Rs \,5$ every month, what amount he will pay in the $30^{\text {th }}$ instalment?
A man starts repaying a loan as first instalment of $Rs.$ $100 .$ If he increases the instalment by $Rs \,5$ every month, what amount he will pay in the $30^{\text {th }}$ instalment?
The first installment of the load is $Rs.$ $100 .$
The second installment of the load is $Rs.$ $105$ and so on.
The amount that the man repays every month forms an $A.P.$
The $A.P.$ is $100,105,110 \ldots$
First term, $a=100$
Common difference, $d=5$
$A_{30}=a+(30-1) d$
$=100+(29)(5)$
$=100+145$
$=245$
Thus, the amount to be paid in the $30^{\text {th }}$ installment is $Rs.$ $245 .$
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