A businessman pays an annual bonus to his staff that increases by a fixed amount each year

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

Problem

A businessman pays an annual bonus to his staff that increases by a fixed amount each year. The total bonus paid in the first 3 years is Rs. 90,000, and the total bonus paid in the first 5 years is Rs. 2,50,000. By how much does the bonus increase each year? (a) Rs. 15,000 (b) Rs. 40,000 (c) Rs. 20,000 (d) Rs. 10,000

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