The price of a T.V. set worth Rs. 20000 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?	Choices:	A) 29997	B) 28088	C) 27098	D) 19000	E) 2799
Money paid in cash = Rs. 1000   Balance payment = (20000 - 1000) = Rs. 19000.Answer:19000
<result>D</result>
The price of a T.V. set worth Rs. 20000 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?