Please wait...
1800-212-7858 (Toll Free)
9:00am - 8:00pm IST all days
For Business Enquiry


Thanks, You will receive a call shortly.
Customer Support

You are very important to us

For any content/service related issues please contact on this toll free number


Mon to Sat - 11 AM to 8 PM

A person is entitled to receive an annual payment which for each year is less by one tenth of what it was for the year before.If the first payment is 100 find the maximum possible payment which he can receive however long he may live?

Asked by Topperlearning User 4th October 2016, 7:07 AM
Answered by Expert

A c c o r d i n g space t o space t h e space q u e s t i o n space
F i r s t space p a y m e n t space i s space 100
S e c o n d space p a y m e n t space w i l l space 1 over 10 space l e s s space o f space f i r s t space p a y m e n t space i. e. space 90
T h i r d space p a y m e n t space w i l l space b e space 90 x 9 over 10 equals 81
S o space t h e space a n n u a l space p a y m e n t s space a r e space 100 comma 90 comma 81 comma... space w h i c h space a r e space i n space G P space w i t h space r equals 9 over 10
T h e r e f o r e space s u m space i s space 100 plus 90 plus 81 plus.....
fraction numerator 100 over denominator 1 minus begin display style bevelled 9 over 10 end style end fraction equals 1000
S o space h e space c a n space r e c e i v e space a space m a x i m u m space a m o u n t space o f space R s space 1000

Answered by Expert 4th October 2016, 9:07 AM
Rate this answer
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10

You have rated this answer /10

Your answer has been posted successfully!

Free related questions

17th October 2016, 11:39 AM
20th October 2016, 12:56 PM
13th November 2016, 11:25 PM

Chat with us on WhatsApp