A school imposes daily late-return fines on library books under two different policies

MATHEMATICS · Subjective · CBSE · Mathematics · Arithmetic Progressions · Arithmetic Progressions

Problem

A school imposes daily late-return fines on library books under two different policies. Policy A: Rs 2 on the first overdue day and the fine increases by Rs 1 every following day. Policy B: Rs 3 on the first overdue day and the fine increases by Rs 0.50 every following day. Answer the following: (i) On which overdue day will the fine charged per day be the same under both policies? (ii) What will that common fine be?

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