Mathematics · Simple Interest
A device is available for Rs. 8,000 cash or Rs. 500 down payment followed by four equal monthly instalments. If the rate of simple interest charged is 25% per annum, find the monthly instalment, to the nearest rupee.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 1,790
- 2Rs. 1,970✓
- 3Rs. 1,987
- 4Rs. 1,977
Correct answer
Rs. 1,970
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