Jairam purchased a house in Rs. 15000 and paid Rs. 5000 at once. Rest – McqOptions

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1.	Jairam purchased a house in Rs. 15000 and paid Rs. 5000 at once. Rest money he promised to pay in annual installment of Rs. 1000 with 10% per annum interest. How much money is to be paid by Jairam [UPSEAT 1999]
A.	Rs. 21555
B.	Rs. 20475
C.	Rs. 20500
D.	Rs. 20700
Answer» D. Rs. 20700

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