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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

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

Grade:8

2 Answers

Raghav Kapoor
19 Points
4 years ago
D is the answer as it would be 1060 so please check It out and give me my goodies OK fine if it is right.
Vansh Tickoo
18 Points
4 years ago
please dont be too overconfident this is not the answer the answer is far away – 3000 i request some expert to answer this question

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