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In a bank plan (200) rupees are deposited in the first month and (50) rupees more each next month. How much is deposited in the (7)th month?

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Answer and explanation

Correct answer: ₹500

The monthly deposits form an arithmetic progression (AP), with first term \(a=200\) and common difference \(d=50\). The seventh-month deposit is \(a_7=a+(7-1)d=200+6\times 50=500\). Choosing \(₹550\) would incorrectly add seven increases instead of six. Exam tip: in the \(n\)th term of an AP, the number of increases is always \(n-1\).

Related tags

Arithmetic ProgressionAp Word ProblemsNth TermCommon DifferenceFinancial Mathematics

Frequently asked questions

What is the correct answer to this question?

₹500

Why is this the correct answer?

The monthly deposits form an arithmetic progression (AP), with first term \(a=200\) and common difference \(d=50\). The seventh-month deposit is \(a_7=a+(7-1)d=200+6\times 50=500\). Choosing \(₹550\) would incorrectly add seven increases instead of six. Exam tip: in the \(n\)th term of an AP, the number of increases is always \(n-1\).

Which subject and chapter does this question cover?

This is a Class 10 Mathematics question. Chapter: Arithmetic Progressions (AP). Topic: Word problems based on APs.

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