1.  The price of a T.V. set worth ₹ 20,000 is to be paid in 20 instalments of ₹ 1000 each. If the rate of interest be 6% per annum, and the first instalment be paid at the time of purchase, then the value of the last instalment covering the interest as well will be
A. ₹ 1050
B. ₹ 2050
C. ₹ 3000
D. None of these

Answer: Option D

Explanation:

Money paid in cash = ₹ 1000.
 Balance payment = ₹ (20000 - 1000)
                              = ₹ 19000.