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?	Choose the correct choice from the following answers:
A) 7250  B) 7200  C) 7820  D) 6000  E) 2799

Rationale: "money paid in cash = rs . 750 balance payment = ( 8000 - 1000 ) = rs . 7250 answer : a"
Answer: A