Q168
A digital note-pad is available for Rs. 25,000 cash or Rs. 2,500 down payment followed by 4 equal monthly instalments. If the rate of interest charged is 24% per annum simple interest, what is the monthly instalment (in ., rounded off to the nearest tens)?
A.
Rs. 5,800
B.
Rs. 5,790
C.
Rs. 5,890
D.
Rs. 5,900
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
\begin{array}{*{20}{c}} {50}& - &{50} \\ {50}& - &{51} \\ {50}& - &{52} \\ {50}& - &{\mathop {53}\limits_{\_\_\_\_\_\_} } \\ {}&{}&{206} \end{array}