The price of a T.V. set worth Rs. 20,000 is to be paid in 20 instalmen – McqOptions

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1.	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. 2050
B.	Rs. 1050
C.	Rs. 3000
D.	None of these
Answer» E.

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