The price of a T.V. set worth Rs. 15000 is to be paid in 20 installments of Rs. 1500 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?
Options: A) 29997 B) 28088 C) 13500 D) 19000 E) 2799
Money paid in cash = Rs. 1500   Balance payment = (15000- 1500) = Rs. 13500 .Answer:13500
<result>C</result>
The price of a T.V. set worth Rs. 15000 is to be paid in 20 installments of Rs. 1500 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?