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In which of the following situations, do the lists of numbers involved form an $ A P $ ? Give reasons for your answers.
The amount of money in the account of Varun at the end of every year when Rs 1000 is deposited at simple interest of $ 10 \% $ per annum.
Given:
The amount of money in the account of Varun at the end of every year when Rs 1000 is deposited at simple interest of \( 10 \% \) per annum.
To do:
We have to check whether the list of numbers involved in the given situation forms an \( A P \).
Solution:
We know that,
Simple interest $=\frac{\text { Principal } \times \text { Rate } \times \text { Time }}{100}$
$=\frac{1000 \times 10 \times 1}{100}$
$=100$
This implies,
The amount of money in the account of Varun at the end of each year(in Rs.) is,
$1000, (1000+100 \times 1),(1000+100 \times 2),(1000+100 \times 3), \ldots $
The sequence formed is,
$1000,1100,1200,1300, \ldots $
In the given sequence,
$a_1=1000, a_2=1100, a_3=1200$
$a_2-a_1=1100-1000=100$
$a_3-a_2=1200-1100=100$
Here,
$a_3-a_2=a_2-a_1$
Therefore,
The list of numbers involved in the given situation forms an \( A P \).
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