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An article can be bought by paying 28,00...

An article can be bought by paying 28,000 at once or by making 12 monthly instalments. If the first instalment paid is 3000 and every other instalment is 100 less than the previous one, find :
(i) amount of instalment paid in the 9th month
(ii) total amount paid in the instalment scheme.

Text Solution

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The correct Answer is:
(i) 2200 (ii) 29400
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