"A T.V. set is available for Rs 19650 cash payment or for Rs 3100 cash down payment and three equal
Channel: Doubtnut
Date: 05/04/2020

"A T.V. set is available for Rs 19650 cash payment or for Rs 3100 cash down payment and three equal annual instalments. If the shopkeeper charges interest at the rate of 10% per annum compounded annually, calculate the amount of each instalment."