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A gentleman buys every year Bank's certi...

A gentleman buys every year Bank's certificates of value exceeding the last year's purchase by Rs. 25. After 20 years he finds that the total value of the certificates purchased by him is Rs. 7250. Find the value of the certificates bought by him:
(i) in the first year
(ii) in the 13 th year.

Answer

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Knowledge Check

  • The value of a machine depreciates at the rate of 25% each year. If the difference between its values at the end of the third and the fourth year is Rs. 17,199. then what is the value of the machine at the end of the first year?

    A
    Rs. 1,32,208
    B
    Rs. 1,63,072
    C
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    D
    Rs. 1,22,304
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    A
    48000
    B
    44000
    C
    50000
    D
    51000
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