Ravina starts a savings plan by depositing Rs 500 in the first month

MATHEMATICS · Multi-part · CBSE · Mathematics · Arithmetic Progressions · Arithmetic Progressions

Problem

Ravina starts a savings plan by depositing Rs 500 in the first month. From the second month onward she increases her monthly deposit by Rs 50. (i) Find the amount she deposits in the 18th month. (ii) Calculate the total amount she deposits in the first 18 months. (iii) In which month will her cumulative deposits first reach or exceed Rs 15,000? Show your working clearly.

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