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a messenger in a company collected an interest free loan of #93,000 from the company which should be withdrawn from his salary in 12 months if #5,000 is withdrawn from the 1st month and the amount to be withdrawn increase each month by equal amount of the preceeding month. How much will be withdrawn from his salary in the last month?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to a math question a messenger in a company collected an interest free loan of #93,000 from the company which should be withdrawn from his salary in 12 months if #5,000 is withdrawn from the 1st month and the amount to be withdrawn increase each month by equal amount of the preceeding month. How much will be withdrawn from his salary in the last month?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
103 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To find out how much will be withdrawn from the messenger's salary in the last month, we need to calculate the increasing amount each month.

In this scenario, the amount to be withdrawn each month follows an arithmetic progression, with a common difference of #5,000.

To find the amount to be withdrawn in the last month, we need to find the 12th term of the arithmetic progression.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- a = 5000 (first term, amount withdrawn from the 1st month)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Therefore, #60,000 will be withdrawn from the messenger's salary in the last month.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)
What is the radian measure of a circle with circumference 4π?
+
What is the length of the perpendicular bisector of a triangle with sides 12 cm, 16 cm, and 20 cm?
+
What is the value of sinh(3) - cosh(2) + tanh(1) - sech(0.5) at x = 0?
+
New questions in Mathematics
The strength of Kefexin oral suspension is 100 mg/ml. Nora has been prescribed cefalexin at a dose of 50 mg/kg/day divided in two single doses. Nora weighs 14 kg. How many milliliters of solution for Nora should be given as a single dose?
a bank finds that the balances in its savings accounts are normally distributed with a mean of $500 and a standard deviation off of $40. What is the probability that a randomly selected account has a balance of more than $400?
Suppose 56% of politicians are lawyers if a random sample of size 564 is selected, what is the probability that the proportion of politicians who are lawyers will differ from the total politicians proportions buy more than 4% round your answer to four decimal places
To celebrate the five-year anniversary of a consultancy specializing in information technology, the administrator decided to draw 3 different qualification courses among its 10 employees. Considering that the same employee cannot be drawn more than once, the total number of different ways of drawing among employees is:
A National Solidarity Bond offers A 5 year bond offering a gross return of 15% Calculate the AER for this investment. (Give your answer to two decimal places, no need for the percent or € sign in your answer)
Let f(x) = x² − 1. Find the equation of the tangent line to the graph of f at the point x0 = 2.
Reparameterize the curve r(t)= cos(t)i without (t)j (t)k by the arc length.
Suppose the Golf ball market is perfectly competitive and the functions are known: Q = 120 – 2Px – 2Py 0.2I Q = 2Px 40 Where I = Consumers' income ($200) and Py = Price of Good Y (40) Calculate the equilibrium elasticity: a) 1.6 b) -6 c) 6 d) 0.6
2x+4x=
Nice's central library building is considered one of the most original in the world, as it is a mix between a sculpture and a work of habitable architecture. It was called La Tête Carrée and is made up of part of a bust that supports a cube divided into five floors. It is known that the building has a total height of approximately 30 meters. It admits that the cubic part of the sculpture is parallel to the floor and has a volume of 2744 meters3 Calculate, in meters, the height of the bust that supports the cube. Displays all the calculations you made.
using the math and science known about the jefferson river bridge Find a truss in use and develop a load diagram. Use a load of 50 lb on each joint along the bottom of the truss for a truss that actrs as a bridge and along the top joints for a truss that acts as a roof
The market for economics textbooks is represented by the following supply and demand equations: P = 5 + 2Qs P = 20 - Qd Where P is the price in £s and Qs and Qd are the quantities supplied and demanded in thousands. What is the equilibrium price?
A storage maker price is $2.50 per square feet. Find the price of a custom shed 4 yards long, and 5yards wide and 8 feet tall
A recurring sequence is one where elements repeat after completing one standard. If the sequence AB8C14D96AB8C1... is recurring its twentieth term is equal to: (A) B. (B) 8. (C) A. (D) 6. (E) D.
A 20,000 kg school bus is moving at 30 km per hour on a straight road. At that moment, it applies the brakes until it comes to a complete stop after 15 seconds. Calculate the acceleration and the force acting on the body.
Given a circle 𝑘(𝑆; 𝑟 = 4 𝑐𝑚) and a line |𝐴𝐵| = 2 𝑐𝑚. Determine and construct the set of all centers of circles that touch circle 𝑘 and have radius 𝑟 = |𝐴𝐵|
8/9 divided by 10/6
Solve the following 9x - 9 - 6x = 5 + 8x - 9
How much does 7.2 moles of ammonium dichromate weigh? (NH4)2Cr2O7
Marc, Jean and Michelle have traveled a lot. Marc drove twice as much as Jean, but it was Michelle who drove the most with 100km more than Marc. They respected their objective of not exceeding 1350km of distance. How far did John drive?