C1 June 2018 Q4

EdexcelOld spec7 marksSequences & Series

4. Each year, Andy pays into a savings scheme. In year one he pays in £600. His payments increase by £120 each year so that he pays £720 in year two, £840 in year three and so on, so that his payments form an arithmetic sequence.

(a) Find out how much Andy pays into the savings scheme in year ten. (2)

Kim starts paying money into a different savings scheme at the same time as Andy. In year one she pays in £130. Her payments increase each year so that she pays £210 in year two, £290 in year three and so on, so that her payments form a different arithmetic sequence.

At the end of year \(N\), Andy has paid, in total, twice as much money into his savings scheme as Kim has paid, in total, into her savings scheme.

(b) Find the value of \(N\). (5)