Vishwanath
Friday, February 15, 2013
5.The price of a T.V set worth Rs. 20,000 is to be paid in 20 instalments of Rs. 1000 each. If the rate of interest be 6% per annum, and the first instalments be paid at the time of purchase, then the value of the last instalments covering the interest as well will be
A. Rs.1050 B. Rs. 2050
C. Rs. 3000 D. Rs. 19000
Answer:option D
Monet paid in cash = Rs. 1000.
Balance amount = Rs. (20000 - 1000)
Title : Simple Interest Q5
Description : 5.The price of a T.V set worth Rs. 20,000 is to be paid in 20 instalments of Rs. 1000 each. If the rate of interest be 6% per annum, and the...
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