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Question

A man saved Rs. 16500 in ten years. In each year after the first he saved Rs. 100 more than he did in the receding year. How much did he save in the first year?

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Solution

Let the amount saved by the man in first year be x.

Then,

ATQ

x+(x+100)+(x+200)++(x+900)

=16500

As his saving increased by Rs. 100 every year,

10x+100+200++900=16500(i)

Here,

100 + 200 + 300 + .... + 900 form a series of a = 100, d = 100 and n = 9

So, Sn=n2[a+l]

S9=92[100+900]=4500(ii)

From (i) and (ii)

10x+(4500)=16500

10x=12000

Or x=1200

The man saved Rs. 1200 in the first year.


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