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?\nOptions:\n(A) 7250\n(B) 7200\n(C) 7820\n(D) 6000\n(E) 2799
Let's be accurate as possible. Think before you answer.
(A)
Money paid in cash = Rs.

750\nBalance payment = (8000- 1000) = Rs.

7250.

So, the final answer is (A)