A man arranges to pay off a debt of Rs.3600 in 40 annual instalments which form an arithmetic series. When 30 of the ins

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Q 2918080809.     A man arranges to pay off a debt of Rs.3600 in 40 annual instalments which form an arithmetic series. When 30 of the instalments are paid he dies leaving one-third of the debt unpaid. Find the value of the first instalment.
A

50

B

51

C

52

D

53

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Solution
(Provided By a Student and Checked/Corrected by EXXAMM.com Team)

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