Mathematics · Simple Interest
A digital notepad is available for Rs. 25,000 cash or Rs. 2,500 down payment followed by 4 equal monthly installments. If the rate of interest charged is 24% per annum simple interest, what is the monthly installment (in Rs., rounded off to the nearest tens)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 15,790
- 25,900✓
- 35,800
- 45,890
Correct answer
5,900
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