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A fanner buys a used tractor for Rs 1200...

A fanner buys a used tractor for Rs 12000. He pays Rs 6000 cash and agrees to pay the balance in annual instalments of Rs 500 plus 12% interest on the unpaid amount. How much will the tractor cost him?

A

Rs. 16680

B

Rs. 16670

C

Rs. 16681

D

Rs. 16682

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The correct Answer is:
A
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