On the first day the company is giving Rs124, 000.
On the fifteenth day the company will give Rs 125400
The amount they wanted to give in august for promotion is Rs 124,000. They increased the amount each day by Rs 100.
Therefore, the sequence will be as follows;
124,000, 124,100, 124,200 .......
i.
The amount they will give on the first day is Rs124, 000
ii
The sequence is increasing by 100. Therefore,
common difference = 100
first term = 124, 000
Therefore,
a₁₅ = 124000 + (15 - 1)100
a₁₅ = 124000 + 1400
a₁₅ = 125400
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