"A computer   is available for Rs 39000 cash or Rs 17000 as cash down payment followed by   five
Channel: Doubtnut
Date: 2020-07-12

"A computer
 
  is available for Rs 39000 cash or Rs 17000 as cash down payment followed by
 
  five monthly instalments of Rs 4800 each. What is the rate of interest under
 
  the instalment plan?
 (a) 35.71%
 
  p.a.Â Â (b) 36.71. p.a.Â Â (c) 37.71% p.a.Â Â (d) 38.71% p.a."