Example 21. B arranges to pay a debt of Rs. 9600 in 48 annual instalments which form an arithmetic series. When 40 of these instalments are paid, B be- comes insolvent and his creditor, finds that Rs. 2400 still remains unpaid. Find the value of each of first three instalments of B ignore interest.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section: Chapter Questions
Problem 23RE: Use the formula for the sum of the first ii terms of an arithmetic series to find the sum of the...
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Example 21. B arranges to pay a debt of Rs. 9600 in 48 annual instalments
which form an arithmetic series. When 40 of these instalments are paid, B be-
comes insolvent and his creditor, finds that Rs. 2400 still remains unpaid. Find the
value of each of first three instalments of B ignore interest.
Transcribed Image Text:Example 21. B arranges to pay a debt of Rs. 9600 in 48 annual instalments which form an arithmetic series. When 40 of these instalments are paid, B be- comes insolvent and his creditor, finds that Rs. 2400 still remains unpaid. Find the value of each of first three instalments of B ignore interest.
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