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

Rationale: "money paid in cash = rs . 1500 balance payment = ( 15000 - 1500 ) = rs . 13500 . answer : c"
Answer: C