Latest Hotel Management Aptitude Question SOLUTION: Price of a TV set worth Rs. 20,000 is to be paid in 20 installments of Rs.1000 each. if the rate of interest be 6% per annum and 1st installment be paid at a time of purchase, then
Price of a TV set worth Rs. 20,000 is to be paid in 20 installments of Rs.1000 each. if the rate of interest be 6% per annum and 1st installment be paid at a time of purchase, then value of last installment covering the interest as will be ?