Q) Deepa has to buy a scooty. She can buy scooty either making cashdown payment of ₹ 25,000 or by making 15 monthly instalments as below.
Ist month – ₹ 3425, IInd month – ₹ 3225, IIIrd month – ₹ 3025, IVth month – ₹ 2825 and so on
i. Find the amount of 6th instalment.
ii. Total amount paid in 15 instalments.
OR
ii. If Deepa pays ₹2625 then find the number of instalment.
iii. Deepa paid 10th and 11th instalment together find the amount paid that month.
Ans: Here, we are given following data:
As we can clearly see that the value of monthly payment (EMI) is going down by Rs. 200 every month.
Hence, this will make an Arithematic Progression (AP), with a = 3425 and d = – 200
(i) Amount of 6th Installment:
We know that the nth term of an AP is given by: Tn = a + (n-1) d
Therefore, value of 6th term, T6 = 3425 + (6 – 1) x (- 200) = 2425
Therefore, Deepa’s 6th installment will be Rs. 2,425/-
(Quick Check: 4th installment is 2825, Each EMI is going down by 200/- hence, 6th EMI value will be 2825 – 2 x 200 = 2825 – 400 = 2425)
(ii) A. Total Amount paid in 15 installments:
We know that the sum of n terms of an AP is given by: Sn = [2a + (n-1) d]
Hence, sum of 15 terms S15 = [2 x 3425 + (15 – 1) (- 200)] = 15 x 4825 = 30,375
Therefore, Total Rs. 30,375 will be paid in 15 installments.
OR
(ii) B. Installment number for amount of Rs. 2,625:
We know that the nth term of an AP is given by: Tn = a + (n-1) d
Here, value of nth term is given to us, and we need to find value of n.
Hence, 2625 = 3425 + (n – 1) x (- 200)
– 800 = -200 (n – 1)
or n – 1 = 4
n = 5
Therefore, 5th installment amount will be Rs. 2,625/-
iii. Total amount of 10th and 11th instalments
We know that the nth term of an AP is given by: Tn = a + (n – 1) d
Hence, the value of 10th EMI: T10 = 3425 + (10 – 1) (- 200)
= 3425 – 9 x 200 = 3425 -1800 = 1625
And the value of 11th EMI: T11 = 3425 + (11 – 1) (- 200)
= 3425 – 10 x 200 = 3425 – 2000 = 1425
Hence, Amount paid will be sum of 10th EMI + 11th EMI = 1625 + 1425 = 3050
Therefore, Deepa will pay total Rs. 3,050 as sum of 10th and 11th instalment together.