the price of a t . v . set worth rs . 60000 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 ?
"money paid in cash = rs . 1000 balance payment = ( 60000 - 1000 ) = rs . 59000 answer : b"
subtract(60000, 1000)