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? Answers:
A) 19002	B) 19028	C) 27788	D) 19000	E) 27711

Rationale: "money paid in cash = rs . 1000 balance payment = ( 20000 - 1000 ) = rs . 19000 answer : d"
Answer: D