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The price of a T.V. set worth Rs 20,0...

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

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