The price of a T.V. set worth Rs. 8000 is to be paid in 20 installments of Rs. 750 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) 7250\n(B) 7200\n(C) 7820\n(D) 6000\n(E) 2799 Hmmm, my stream of consciousness:
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Money paid in cash = Rs. 750\nBalance payment = (8000- 1000) = Rs. 7250 So, the answer is (A).
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