during a high school spirit week student dress up in costumes. a cash price is given to students with the best costume the organization committee has $1000 to give away over 5 days the committee wants to increase the price by $50 each day how much should the committee give away on the first day?
Since the committee wants to increase the price by $50 each day, the given money is the arithmetic progression with the common difference "d=50."
Since the high school spirit week lasts 5 days, we have 5 terms of arithmetic progression:
"a_1, a_2, ..., a_5" , and their sum: "S_5=1000."
"S_5=\\frac{5(a_1+a_5)}{2}" , and "a_5=a_1+4d=a_1+4\\cdot 50=a_1+200,"
so we have:
"1000=\\frac{5(2a_1+200)}{2}=\\frac{5\\cdot 2(a_1+100)}{2}=5(a_1+100),"
"a_1+100=1000 : 5=200,"
"a_1=200-100,"
"a_1=100."
We have next prices over 5 days: $100, $150, $200, $250, $300.
And "100+150+200+250+300=1000."
Answer: the committee should give away $100 on the first day
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