Shweta plans to repay a loan by making monthly payments that form an arithmetic…

MATHEMATICS · Single correct · CBSE · Mathematics · Arithmetic Progressions · Arithmetic Progressions

Problem

Shweta plans to repay a loan by making monthly payments that form an arithmetic progression. Her first payment is ₹2,000 and each subsequent payment is ₹250 more than the previous one. What is the smallest number of monthly payments she must make so that the total amount paid is at least ₹50,000? (a) 13 (b) 14 (c) 15 (d) 16

Related theory

Browse the problem library