"The price of a T.V. set worth Rs 20,000 is to be paid in 20 instalments of Rs 1000 each.
Channel: Doubtnut
Date: 2020-04-05

"The price of a T.V. set worth Rs 20,000 is to be paid in 20 instalments of Rs 1000 each. If the rate of interest be 6% per annum, and the first instalment be paid at the time of purchase, then the value of the last instalment covering the interest as well will be:(a) Rs 1050 (b) Rs 2050 (c) Rs 3000 (d) None of these"