Once you attempt the question then PrepInsta explanation will be displayed.
Total Debt = 3600
Amount Paid at Death = \frac{2}{3} \times 3600 = 2400
The total debt was to be paid in 40 installments.
Using formula of AP,
Sum of n terms of an AP = \frac{n}{2} \times (First term + Last term)
3600 = \frac{40}{2} \times (a + T40)
180 = a + T40 ....... (1)
Now 2400 was paid in 30 installments
2400 = 30/2 (a + T30)
160 = a + T30 ...... (eqn 2)
Subtract eqn 2 from eqn 1
20 = T40 - T30
Nth term of AP: Tn = a + (n-1)d
20 = a + 39d - (a + 29d)
20 = 10d
2 = d
substitute in eqn 1, we get a = 51
The 8th installment:
T_{8} = 51 + (8 - 1)2 = 51 + 14 = 65
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