If a quantity starts at 501, decreases by 40 in each of 8 equal steps, what is the final value?

Sheeraz Ahmed graduated from National University of Modern Languages Islamabad in 2019, currently he is CSS Aspirant, and he also appeared in Sindh Public Service Commission (SPSC), Federal Public Service Commission (FPSC) for the purpose of recruitment. At our site Sheeraz publishes the Important MCQs to help students and Job Seekers.