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If you save Rs. 1 today, Rs. 2 the next ...

If you save Rs. 1 today, Rs. 2 the next day, Rs. 3 the succeeding day and so on, what will be your total savings in 365 days?

A

66579

B

66795

C

56795

D

none of these

Text Solution

AI Generated Solution

The correct Answer is:
To find the total savings after saving Rs. 1 on the first day, Rs. 2 on the second day, and so on up to Rs. 365 on the 365th day, we can use the formula for the sum of the first n natural numbers. Here’s how to solve the problem step by step: ### Step-by-Step Solution: 1. **Identify the Pattern**: - On day 1, you save Rs. 1. - On day 2, you save Rs. 2. - On day 3, you save Rs. 3. - This continues until day 365 where you save Rs. 365. 2. **Recognize the Sequence**: - The amount saved each day forms an arithmetic series where: - First term (a) = 1 - Last term (l) = 365 - Number of terms (n) = 365 3. **Use the Formula for the Sum of an Arithmetic Series**: - The formula to calculate the sum \( S_n \) of the first n terms of an arithmetic series is: \[ S_n = \frac{n}{2} \times (a + l) \] - Here, \( a \) is the first term, \( l \) is the last term, and \( n \) is the number of terms. 4. **Substitute the Values**: - Substitute \( n = 365 \), \( a = 1 \), and \( l = 365 \) into the formula: \[ S_{365} = \frac{365}{2} \times (1 + 365) \] 5. **Calculate the Sum**: - First, calculate \( 1 + 365 = 366 \). - Now, substitute back: \[ S_{365} = \frac{365}{2} \times 366 \] - Calculate \( \frac{365 \times 366}{2} \): \[ S_{365} = \frac{133590}{2} = 66795 \] 6. **Final Result**: - Therefore, the total savings after 365 days is Rs. 66795. ### Final Answer: The total savings in 365 days is Rs. 66795.
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