Question

A man starts repaying a loan as first installment of Rs. 100. If he increases the installment by Rs. 5 every month, what amount he will pay in the 30th installment ?

• A. $200$
• B. $245$
• C. $220$
• D. $300$

Answer 1

The correct option is B $245$

The first installment of the loan is Rs. 100.

The second installment of the loan is Rs. 105 and so on.

The amount that the man repays every month forms an A.P.

The A.P. is $100,105,110,..$

First term, $a=100,d=5$

Thus, $A_{30}=a+29d=100+29\left(5\right)=245$