The price of a T.V. set worth Rs. 12000 is to be paid in 20 installments of Rs. 1200 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? Choose the correct choice from the following options.
A) 29997	B) 10800	C) 27098	D) 19000	E) 2799
Money paid in cash = Rs. 1200   Balance payment = (12000 - 1200) = Rs. 10800 .Answer:10800
<result>B</result>
The price of a T.V. set worth Rs. 12000 is to be paid in 20 installments of Rs. 1200 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?