A man repays a loan of Rs 3250 by paying Rs20 in the first month and then increases the payment by Rs 15 every month .How long will it take him to clear the loan ?

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter1: Functions
Section1.1: Functions Given By Formulas
Problem 2TU: What is your monthly payment if you borrow 5000 at a monthly rate of 0.61 and pay it off in 5 years?
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A man repays a loan of Rs 3250 by paying Rs20 in the first month and then increases the payment by Rs 15 every month .How long will it take him to clear the loan ?

 

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