The price of a T.V. set worth Rs. 12000 is to be paid in 20 installments of Rs. 1200 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? Pick one:
A) 29997
B) 10800
C) 27098
D) 19000
E) 2799

Rationale: money paid in cash = rs . 1200 balance payment = ( 12000 - 1200 ) = rs . 10800 . answer : b
Answer: B