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

Similar Questions

Explore conceptually related problems

Rs 10 is to be paid in 11 monthly installment. If each installment is of Rs. 1. Find the rate of interest per annum.

Rs. 1720 to be paid in 4 equal installments in 4 years. Find each intallment if rate of interest is 5% per annum.

Rs. 6800 is to be paid in two equal installments at C.I. Find each installment if the rate of interest is 12.5%.

Rs. 16224 is to be paid in two years. Find each installment if rate of interest is 4%

To repay a loan of Rs6450 at a rate of simple interest of 5% per annum in 4 years, find the amount of each instalment.