The Seven Rings

You arrive at a hotel and have 3 sets of golden rings. The first set of rings has 4 rings, the second set has 2 rings and the third only has one ring. You cannot take these sets of rings apart, exchange them for a different form of currency, and the hotel clerk has no change. You want to stay at the hotel for 7 nights, and you have to pay one gold ring for each night that you stay. You cannot pay in advance, or all at once at the end of your stay.

 How do you pay for your 7 nights at the hotel?

This is how should you pay! 

Source 

Paying Rings At Hotel

What was the condition? 

You can pay 7 rings in 7 days in following sequence.

Day 1 : 

Give the only ring that is in first set. Paid 1 ring.

Day 2 : 

Take back ring given on Day 1 & give second set of rings having 2 rings. Paid 2 rings

Day 3 :

Give 1 ring back again. Total rings paid = 2 + 1 = 3