A sum of ₹2800 is to be used to award four prizes. If each prize after the first prize is ₹200 less than the preceding prize, find the value of each of the prizes.
Step 1: define the value of each prizes.
Let the first prize be .
Second prize =
Third prize =
Fourth prize =
Step 2: compute the value of :
Sum of all prizes is .
Therefore, the first prize is .
Step 3: Computing the value of all prizes:
Hence, the value of each prize is .