The price of a T. V. set worth ₹ 20000 is to be paid in 20 instalments of ₹ 1000 each. If the rate of interest be per annum, and the first instalment be paid at the time of purchase, then the value of the last instalment covering the interest as well will be?
A. ₹ 1050
B. ₹ 2050
C. ₹ 3000
D. None of these
Answer:D
The price of a T. V. set worth ₹ 20000 is to be paid in 20 instalments of ₹ 1000 each. If the rate of interest be per annum, and the first instalment be paid at the time of purchase, then the value of the last instalment covering the interest as well will be?
A. ₹ 1050 B. ₹ 2050 C. ₹ 3000 D. None of these