Question:
A computer is sold either for Rs.19200 cash or for Rs.4800 cash down payment together with five equal monthly installments. If the rate of interest charged is 12% per annum, then the amount of each installment (nearest to a rupee) is:
A computer is sold either for Rs.19200 cash or for Rs.4800 cash down payment together with five equal monthly installments. If the rate of interest charged is 12% per annum, then the amount of each installment (nearest to a rupee) is:
Updated On: Aug 9, 2024
- Rs.2880
- Rs.2965
- Rs.2896
- Rs.2990
- Rs.3016
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The Correct Option is B
Solution and Explanation
The correct option is (B): Rs.2965.
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