The price of a T.V. set worth Rs. 70000 is to be paid in 20 installments of Rs. 1000 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) 22678\n(B) 26699\n(C) 69000\n(D) 19000\n(E) 26711 Let's think first. Stream of consciousness:
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Money paid in cash = Rs. 1000\nBalance payment = (70000 - 1000) = Rs. 69000
So, the answer is (C).
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