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? Choices.
A) 7250  B) 7200  C) 7820  D) 6000  E) 2799
Money paid in cash = Rs. 750   Balance payment = (8000- 1000) = Rs. 7250   7250nswer:7250
<result>A</result>
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?