A man arranges too pay off a debt of by annual instalments which form an arithmetic series.
When of the instalments are paid, he dies leaving one-third of the debt unpaid, find the value of the first instalment.
Total amount of debt to be paid in instalments
After instalments, one-third of his debt is unpaid which means that two-third of his payment is done.
Therefore, the amount he paid in instalments
Let be the first instalment and be the common difference between them.
Step : Find a using Sn for instalments.
We know from the formula of AP that,
Substituting the values of and ,
Step : Find a using Sn for instalments.
Similarly, and are calculated for instalments
Step 3 : Find a and d using above steps.
Subtracting from , we get
Substituting the value of ,
Hence, was paid in the first instalment.