Question

a messenger in a company collected an interest free loan of #93,000 from the company which should be withdrawn from his salary in 12 months if #5,000 is withdrawn from the 1st month and the amount to be withdrawn increase each month by equal amount of the preceeding month. How much will be withdrawn from his salary in the last month?

277

likes
1385 views

Answer to a math question a messenger in a company collected an interest free loan of #93,000 from the company which should be withdrawn from his salary in 12 months if #5,000 is withdrawn from the 1st month and the amount to be withdrawn increase each month by equal amount of the preceeding month. How much will be withdrawn from his salary in the last month?

Expert avatar
Birdie
4.5
77 Answers
To find out how much will be withdrawn from the messenger's salary in the last month, we need to calculate the increasing amount each month.

In this scenario, the amount to be withdrawn each month follows an arithmetic progression, with a common difference of #5,000.

To find the amount to be withdrawn in the last month, we need to find the 12th term of the arithmetic progression.

The formula to find the nth term of an arithmetic progression is given by:

a_n = a + (n - 1)d

Where:
- a is the first term of the progression
- n is the term number we are looking for
- d is the common difference

In this case:
- a = 5000 (first term, amount withdrawn from the 1st month)
- n = 12 (we are looking for the 12th month)
- d = 5000 (common difference, each month's amount increases by #5,000)

Substituting the values into the formula, we get:

a_{12} = 5000 + (12 - 1) \cdot 5000

Simplifying further:

a_{12} = 5000 + 11 \cdot 5000

a_{12} = 5000 + 55000

a_{12} = 60000

Therefore, #60,000 will be withdrawn from the messenger's salary in the last month.

Answer: \boxed{60000}.

Frequently asked questions (FAQs)
Question: What is the value of f(x) = 3x + 4 when x = 7?
+
Math question: Find the measure of an angle, given the sum of its complementary and supplementary angles is 180 degrees.
+
What is the length of the perpendicular bisector of a triangle with side lengths 5 cm, 12 cm, and 13 cm?
+
New questions in Mathematics
5 . {2/5 + [ (8/-9) - (1/-7) + (-2/5) ] ÷ (2/-5)} . 8/15
A hotel in the Algarve had to offer 1 week of vacation to one of its employees as an Easter gift in a random choice. It is known that 80 people work in this hotel unit, 41 of whom are Portuguese and 39 are foreign nationals. There are 14 Portuguese men and 23 foreign women. Using what you know about conditional probability, check the probability that the gift was offered to a Portuguese citizen, knowing that it was a woman.
STUDENTS IN A CLASS LEARN ONLY ONE FOREIGN LANGUAGE. two-sevenths of the students learn German, half of the students learn Spanish, and the remaining six students learn Italian. what is the number of students in this class? detail your reasoning carefully.
Calculate the equation of the tangent line ay=sin(x) cos⁡(x)en x=π/2
Divide 22 by 5 solve it by array and an area model
How many different ways can a psychology student select 5 subjects from a pool of 20 subjects and assign each one to a different experiment?
-27=-7u 5(u-3)
Determine the minimum degree that an algebraic equation can assume knowing that it admits 2 as a double root and -i as a triple root
Calculate the minimum size of a simple random sample assuming a sampling error of 5% assuming that the population size is 100 elements
There are 3 orchards, a, b and c. Orchard a has 60 fewer trees than orchard b orchard c has 3 times as many trees as orchard b. If the three orchards have 430 trees altogether, how many trees does orchard c have?
Use a pattern approach to explain why (-2)(-3)=6
9 x² + 2x + 1 = 0
9.25=2pi r solve for r
A car travels 211 miles on 15 gallons of gasoline. The best estimate of the car’s miles per gallon is?
How to factorise 5y^2 -7y -52
In poker, a full house consists of five cards, where two of the cards have the same number (or letter) and the remaining three also have the same number (or letter) as each other (but not as the previous two cards). Use a search engine or Wikipedia to understand the concept better if necessary. In how many different ways can one obtain a full house?
Find the vertex F(x)=x^2-10x
The average weekly earnings in the leisure and hospitality industry group for a re‐ cent year was $273. A random sample of 40 workers showed weekly average ear‐ nings of $285 with the population standard deviation equal to 58. At the 0.05 level of significance can it be concluded that the mean differs from $273? Find a 95% con‐ fidence interval for the weekly earnings and show that it supports the results of the hypothesis test.
To paint a 250 m wall, a number of workers were employed. If the wall were 30 m longer, 9 more workers would be needed. How many were employed at the beginning?
Kayla started a book club at her school. The number of girls in the book club was one more than twice the number of boys. If there are 15 girls in the book club, how many boys are in the club?