Jairam purchased a house for Rs. 15000 and pa | vedclass

Name: Exam Paper Generator | JEE NEET Paper Generator | Vedclass
Brand: Vedclass
Rating: 5 (35 reviews)

Question

(C) The total cost of the house is Rs. $15000$. Jairam paid Rs. $5000$ initially,so the remaining balance is $15000 - 5000 = 10000$. He pays this bala

Vedclass · Accepted Answer

$20500$

Vedclass · Answer

(C) The total cost of the house is Rs. $15000$. Jairam paid Rs. $5000$ initially,so the remaining balance is $15000 - 5000 = 10000$. He pays this balance in $10$ annual installments of Rs. $1000$ each,plus $10\%$ interest on the remaining balance. In the $1^{st}$ year,he pays $1000 + 10\% 	ext{ of } 10000 = 1000 + 1000 = 2000$. In the $2^{nd}$ year,he pays $1000 + 10\% 	ext{ of } 9000 = 1000 + 900 = 1900$. In the $3^{rd}$ year,he pays $1000 + 10\% 	ext{ of } 8000 = 1000 + 800 = 1800$. This forms an arithmetic progression with $a = 2000$,$d = -100$,and $n = 10$. The sum of the $10$ installments is $S_{10} = \frac{10}{2} [2(2000) + (10 - 1)(-100)] = 5 [4000 - 900] = 5 	imes 3100 = 15500$. The total money paid by Jairam is $5000 + 15500 = 20500$.

Jairam purchased a house for Rs. $15000$ and paid Rs. $5000$ at once. He promised to pay the remaining amount in annual installments of Rs. $1000$ with $10\%$ per annum interest on the outstanding balance. How much total money will be paid by Jairam in Rs.?

Similar Questions

If the sum of $n$ terms of an arithmetic progression is $2n^2 + 5n$,then its $n^{th}$ term is.........

The common difference of the $A.P.: a_{1}, a_{2}, ..., a_{m}$ is $13$ more than the common difference of the $A.P.: b_{1}, b_{2}, ..., b_{n}$. If $b_{31} = -277$, $b_{43} = -385$ and $a_{78} = 327$, then $a_{1}$ is equal to

If the sum of the first $n$ terms of a sequence is of the form $An^2 + Bn$,where $A$ and $B$ are constants independent of $n$,then the sequence is a ........

If $\frac{3 + 5 + 7 + \dots + (2n + 1)}{5 + 8 + 11 + \dots + (3n + 2)} = 7$,find the value of $n$. (Note: The original problem implies $n$ terms in the numerator and $10$ terms in the denominator as per the provided solution structure).

Let there be four distinct integers in an increasing arithmetic progression. One of these integers is equal to the sum of the squares of the other three. What is the product of all these numbers?

Vedclass Test Series

Exam Paper Generator

Online Exam Module