Finance · real student question

A family drills a well. The first metre costs 80,000 dong and every metre after that costs 5,000 dong more than the metre before it. Water is reached at 50 m. What is the total cost?

Question

A family hires a crew to drill a well. The first metre costs 80,00080{,}000 dong, and from the second metre on each metre costs 5,0005{,}000 dong more than the previous one. They must drill 50 m50\text{ m} to reach water. What is the total cost?

A. 4,000,0004{,}000{,}000 B. 10,125,00010{,}125{,}000 C. 52,500,00052{,}500{,}000 D. 26,250,00026{,}250{,}000 dong

Step-by-step solution

  1. Identify the arithmetic pattern. The cost of the kk-th metre is uk=80,000+(k1)5,000u_k=80{,}000+(k-1)\cdot 5{,}000, an AP with u1=80,000u_1=80{,}000 and d=5,000d=5{,}000. The total cost is the sum of the first 5050 terms, not 5050 times the first price.

  2. Compute the price of the last metre. u50=80,000+495,000=80,000+245,000=325,000 dongu_{50}=80{,}000+49\cdot 5{,}000=80{,}000+245{,}000=325{,}000\text{ dong}

  3. Sum the series with the endpoint formula. S50=502(u1+u50)=25(80,000+325,000)=25405,000S_{50}=\frac{50}{2}\left(u_1+u_{50}\right)=25\,(80{,}000+325{,}000)=25\cdot 405{,}000

  4. Finish the multiplication. S50=10,125,000 dongS_{50}=10{,}125{,}000\text{ dong}

  5. Check against the distractors. Ignoring the increase gives 50×80,000=4,000,00050\times 80{,}000=4{,}000{,}000 (option A), and using 50×u5050\times u_{50} gives 16,250,00016{,}250{,}000. Only the arithmetic-series total 10,125,00010{,}125{,}000 (option B) is right, and it equals 5050 metres at the average price of 202,500202{,}500 dong.

Answer

S50=502(80,000+325,000)=10,125,000S_{50}=\frac{50}{2}\bigl(80{,}000+325{,}000\bigr)=10{,}125{,}000

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