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 instalments be paid at the time of purchase, then the value of the last instalments covering the interest

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

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 instalments be paid at the time of purchase, then the value of the last instalments covering the interest
A.	Rs. 2050
B.	Rs.1050
C.	Rs. 19000
D.	Rs. 3000
Answer» D. Rs. 3000