Mathematics · Simple Interest
A computer is available for Rs. 34000 in cash, or Rs. 20000 in immediate down payment followed by 5 equated monthly installments. If the simple interest charged in the installment plan is 30% p.a., then what is the amount of each installment?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 13000✓
- 23500
- 34000
- 42000
Correct answer
3000
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