A man borrows Rs. 1,000 and agrees to pay back every month one half of the amount due. After how many months will he owe less than Rs. 15?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
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A man borrows Rs. 1,000 and agrees to pay
back every month one half of the amount
due. After how many months will he owe less
than Rs. 15?
Transcribed Image Text:A man borrows Rs. 1,000 and agrees to pay back every month one half of the amount due. After how many months will he owe less than Rs. 15?
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