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A person is entitled to receive an annual payment which for each year is less by 1/10th of what it was for the year before. If the first payment is Rs. 100, then find the maximum possible payment which he can receive however long he may live?
a) Rs.900
b) Rs.9999
c) Rs.1000
d) Rs.9000
e) None of these
Read Solution (Total 3)
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- c) Rs.1000
It will be
sum of GP with a=100 and r=9/10
total possible max payment = 100/(1-9/10) = 100*10/1 = Rs. 1000 - 12 years agoHelpfull: Yes(28) No(2)
- Aman is right
- 12 years agoHelpfull: Yes(3) No(0)
- its by inspection comes to be (a)
- 12 years agoHelpfull: Yes(1) No(6)
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