Q.

Your elder brother wants to buy a car and plans to take loan from a bank for his car. He repays his total loan of Rs 1,18,000 by paying every month starting with the first instalment of Rs 1000. If he increases the instalment by Rs 100 every month, answer the following

Based on the above information answer the following questions:

 

 

(iii) (b) Find the ratio of the 1st instalment to the last instalment.

1 10:49  
2 10:45  
3 11:49  
4 10:19  

Ans.

(1)

(b) We have, first instalment = Rs 1000
and last instalment = Rs 4900

∴ Required ratio =1000/4900=10/49=10:49