Given,
Total number of cash prizes is n=7
Sum of all seven prizes is S7=1890 Rs.
and each price is Rs.50 less than preceding prize.
let, the first price be a.
The seven prizes are in a A.P given by:
a,a−50,a−100,...…,a−300
Common difference of this A.P is d=−50
Sum of an A.P is given by:
Sn=n2(2a+(n−1)d)
Hence,
S7=72(2a+(7−1)(−50))
1890=72(2a−300)
1890=7a−1050
7a=1890+1050
7a=2940
a=29407
a=420
Hence, value of seven cash prizes are:
420,370,320,270,220,170,120