The cash price of a refrigerator is Rs. 7044. A customer paid Rs. 2000 – McqOptions

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1.	The cash price of a refrigerator is Rs. 7044. A customer paid Rs. 2000 in case and promised to pay the remaining money in 3 yearly equal instalments at the rate of 5% per annum compound interest. What is the value of each instalment ?
A.	Rs. 1865
B.	Rs. 1868.28
C.	Rs. 1752
D.	Rs. 1852.20
Answer» E.

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