3. A.P. series: Determine the value of the prize

A sum of \(₹\)700 is to be used toward five prizes. If each prize after the first is \(₹\)30 less than its preceding prize, find the value of each of the prizes.

 

The series of prize is \(₹\), \(₹\), \(₹\), \(₹\), \(₹\)….