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a messenger in a company collected an interest free loan of #93,000 from the company which should be withdrawn from his salary in 12 months if #5,000 is withdrawn from the 1st month and the amount to be withdrawn increase each month by equal amount of the preceeding month. How much will be withdrawn from his salary in the last month?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a math question a messenger in a company collected an interest free loan of #93,000 from the company which should be withdrawn from his salary in 12 months if #5,000 is withdrawn from the 1st month and the amount to be withdrawn increase each month by equal amount of the preceeding month. How much will be withdrawn from his salary in the last month?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To find out how much will be withdrawn from the messenger's salary in the last month, we need to calculate the increasing amount each month.

In this scenario, the amount to be withdrawn each month follows an arithmetic progression, with a common difference of #5,000.

To find the amount to be withdrawn in the last month, we need to find the 12th term of the arithmetic progression.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- a = 5000 (first term, amount withdrawn from the 1st month)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Therefore, #60,000 will be withdrawn from the messenger's salary in the last month.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)
Math Question: Find the length of side x in a triangle, where side a = 10, side b = 12, and angle C = 30°. (
+
What is the square root of a number that, when squared, yields a result equal to the original number?
+
Math question: Find the vertex coordinates of the parabola defined by the function 𝑦 = 3𝑥^2 - 4𝑥 + 2.
+
New questions in Mathematics
A sample is chosen from a population with y = 46, and a treatment is then administered to the sample. After treatment, the sample mean is M = 47 with a sample variance of s2 = 16. Based on this information, what is the value of Cohen's d?
a runner wants to build endurance by running 9 mph for 20 min. How far will the runner travel in that time period?
5(4x+3)=75
3(2+x)-2(2x+6)=20-4x
58+861-87
Director of reservations believes that 9% of the ticketed passengers are no-shows. If the directors right what is the probability that the proportion of no-shows in a sample of 789 ticketed passengers with differ from the population proportion buy more than 3% round your answer to four decimal places.
According to a survey in a country 27% of adults do not own a credit card suppose a simple random sample of 800 adults is obtained . Describe the sampling distribution of P hat , the sample proportion of adults who do not own a credit card
In a grocery store, when you take out 3 peppers and 4 carrots, there are 26 peppers and 46 carrots left. How many peppers and carrots were there initially?
30y - y . y = 144
17. A loan for $104259 is taken out for 10 years with an annual interest rate of 9.4%, compounded quarterly. What quarterly payment is required to pay the loan off in 10 years? Enter to the nearest cent (two decimals). Do not use $ signs or commas in the answer.
Find the area of a triangle ABC when m<C = 14 degrees, a = 5.7 miles, and b = 9.3 miles.
In an economy with C= 10+0.8 Yd ; I= 20+0.1Y ; G= 100 ; X= 20 ; M=10+0.2Y ; T=-10+0.2Y and R= 10, when knew that Yd= Y-T+R. How much is the budget? A. -23.18 B. -28.13 C. -13.28 D. -32.18
Solve for B write your answer as a fraction or as a whole number. B-1/7=4
x²-7x+12=0
8. Measurement Jillian measured the distance around a small fish pond to be 27 yards. What would be a good estimate of the distance across the pond: 14 yards, 9 yards, or 7 yards? Explain how you decided.
7-1=6 6x2=12 Explain that
8(x+4) -4=4x-1
An export company grants a bonus of $100,000 pesos to distribute among three of its best employees, so that the first receives double the second and the latter receives triple the third. How much did each person receive?
In an experiment to assess the effect of listening to audiobooks while driving, participants were asked to drive down a straight road in a driving simulator. The accompanying data on time (in milliseconds) to react when a pedestrian walked into the street for 10 drivers listening to an audiobook are consistent with summary statistics and graphs that appeared in the paper "Good Distractions: Testing the Effect of Listening to an Audiobook on Driving Performance in Simple and Complex Road Environments."† (Round your answers to four decimal places.) 1,018 1,007 1,054 988 937 1,030 1,065 1,011 860 1,106 A button hyperlink to the SALT program that reads: Use SALT. Calculate the variance for this data set. 7437.7333 Incorrect: Your answer is incorrect. Calculate the standard deviation for this data set. 86.2022 Incorrect: Your answer is incorrect.
The domain of the function f(x)=x+7x2−144 is (−∞,), ( ,), and ( , ∞).