The price of a T.V. set worth Rs. 40000 is to be paid in 20 installments of Rs. 2500 each. If the rate of interest be 6% per annum, and the first installment be paid at the time of purchase, then the value of the last installment covering the interest as well will be?\nOptions:\n(A) 29997\n(B) 28088\n(C) 27098\n(D) 37500\n(E) 2799 OK. Let's think. Some random thoughts first:
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Money paid in cash = Rs. 2500\nBalance payment = (40000- 2500) = Rs. 37500. The answer: (D).
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