The price of a T.V. set worth Rs. 15000 is to be paid in 20 installments of Rs. 2000 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?	Answers:	A) 29997	B) 28088	C) 27098	D) 13000	E) 2799
Money paid in cash = Rs. 2000   Balance payment = (15000- 2000) = Rs. 13000.Answer:13000
<result>D</result>
The price of a T.V. set worth Rs. 15000 is to be paid in 20 installments of Rs. 2000 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?