Multiple choice

Mr. Jones has £2500 in his account. He withdraws £200 every month. How much money would be there in his account at the end of the tenth month?

  1. £500

  2. £600

  3. £700

  4. £800
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A Correct answer
Explanation

The sequence is 2500, 2300, 2100.... Here, a = 2500, d = - 200 and n = 11

11th term = - 200 × 10 + (2500) = - 2000 + 2500 = £500

AI explanation

Mr. Jones withdraws £200 every month, so after 10 months he has withdrawn 200×10 = £2000. Subtracting this from his starting balance of £2500 leaves £500. This is a straightforward linear (arithmetic) decrease problem, not compound interest.

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