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OJASWI KOTHARI

· started a discussion

· 1 Months ago

? (Question: 336939.0 )

how?

Question:

Raghav buys a shop for Rs.1,20,000. He pays half of the amount in cash and agrees to pay the balance in 12 annual instalments of Rs.5000 each. If the rate of interest is 12% and he pays with the instalment the interest due on the unpaid amount, then the total cost of the shop is –  

Options:
A)

Rs.1,44,000

B)

Rs.1,66,000

C)

Rs.1,66,800

D)

Rs.1,44,800

Solution:

Ans: (c)


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