Question 16:
A sum of Rs 700 is to be used to give seven cash prizes to students of a school for their overall academic performance. If each prize is Rs 20
less than its preceding prize, find the value of each of the prizes.
Answer:
Let the cost of 1st prize be P.
Cost of 2nd prize = P − 20
And cost of 3rd prize = P − 40
It can be observed that the cost of these prizes are in an A.P. having common difference as −20 and first term as P.
a = P
d = −20
Given that, S7 = 700
a + 3(−20) = 100
a − 60 = 100
a = 160
Therefore, the value of each of the prizes was Rs 160, Rs 140, Rs 120, Rs 100, Rs 80, Rs 60, and Rs 40.
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