Multiple Choice
A TV can be bought for Rs. 20000 cash or by paying in four equal monthly installments withan initial down payment of Rs. 4000. If the rate of interest for this facility is 8% per annum, thenwhat would be the installment charged for each month?
A) rs. 4000
B) rs. 4106.67
C) rs. 4050.33
D) rs. 4066.01
Correct Answer:
Verified
Correct Answer:
Verified
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