The man repays a loan of Rs. 3250 by paying Rs.

20 in the first month and then increases the

payment by Rs. 15 every month. How long will it take to clear his loan?

Solution:

Sum Sn = 3250

First month payment = a = 20

Difference = 15 (Arithmetic Progression)

n
(2a+(n−1 )d )
Apply the formula, Sn = 2

n
( 40+(n−1)15)
2 = 3250

on simplifying we get,

15n2+25n−6500=0

⟹3n2+5n−1300=0

⟹(n−20)(3n+65)=0

3n+65 = 0 gives negative solution it is not a possible solution, ∴n = 20

Hence it would take 20 months for him to clear the loan

In this study, we have made an attempt to provide a ready reckoner for solving many
congestion problems of day–to–day life under techno–economic constraints which can be seen
in many industrial organisations and computer and communication systems. This can be made
possible by designing a control policy called Bernoulli Admission Control Policy (BACP)
wherein one can control the arrival rate of the customers by allowing only some of them to
enter the system. We have applied this policy to a bulk retrial queueing system with Bernoulli
feedback under Bernoulli vacation schedule. For the proper utilisation of the server's
resources, there is a provision for the server to go for a fixed number of optional vacations
(say K) depending upon its choice. We have provided a numerical simulation for solving the
problem dealing with local area networks (LAN) especially relating to mobile IP. The service
time, repair time, vacation time and setup time are assumed to be generally distributed. We
have used supplementary variable technique (SVT) and probability generating function (PGF)
method to compute various queueing and reliability measures of interest.