A man arranges to pay off a debt of Rs. 3600 by 40 annual instalments which are

Question

A man arranges to pay off a debt of Rs. 3600 by 40 annual instalments which are in A.P. when 30 of the instalment are paid, he dies leaving one-third of the debt unpaid. Find the value of the 8^th instalment .

Options:

A . 45

B . 55

C . 65

D . 75

Answer: Option C

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