It is given that a person writes a letter to four friends and asks each friend to copy the letter and mail to four different persons with instruction that they have to move the chain similarly.
The number of letters mailed is in such a way that it forms a G.P.,
Here, first term
The sum of the G.P. is given by,
Substitute values of
Now,
Now, cost for mailing 87830 letters is,
Thus, the amount spent on the postage when 8th set of letter was mailed is Rs.43690.