THE PRICE OF A TV SET WORTH RS.20000 IS TO BE PAID IN 20 INSTALMENTS OF RS.1000 EACH.

IF THE RATE OF INTEREST BE 6%P.A. AND THE FIRST INSTALMENT BE PAID AT THE TIME OF PURCHASE,THEN FIND THE VALUE OF THE LAST INSTALMENT COVERING THE INTEREST AS WELL?

A)1050

B)2050

C)3000

D)NONE

Vansh Tickoo , 8 Years ago

Grade 8