Step 1: Understanding the Concept:
The instalments form an Arithmetic Progression (A.P.).
To find the remaining amount after 30 instalments, we first calculate the sum of the first 30 instalments and subtract it from the total loan amount.
Step 2: Given Information:
First instalment (a) = 1000
Common difference (d) = 100
Number of instalments paid (n) = 30
Total loan amount = Rs 1,18,000
Step 3: Using the A.P. Sum Formula:
Sum of first n terms:
Sn = n/2 [2a + (n − 1)d]
S30 = 30/2 [2(1000) + (30 − 1) × 100]
= 15 [2000 + 2900]
= 15 × 4900
= 73,500
Step 4: Calculating Remaining Amount:
Remaining amount = Total loan − S30
= 1,18,000 − 73,500
= 44,500
Final Answer:
The amount left to pay after the 30th instalment is Rs 44,500.