Multiple choice

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 instalment be paid at the time of purchase, then the value of the last instalment covering the entire interest as well will be ______________

  1. Rs 1050

  2. Rs 2050

  3. Rs 3000

  4. None of these
Reveal answer Fill a bubble to check yourself
D Correct answer

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