Money paid in cash = Rs. 750
Balance payment = (8000- 1000) = Rs. 7250
The price of a T.V. set worth Rs. 8000 is to be paid in 20 installments of Rs. 750 each. If the rate of interest be 6% per annum, and the first installment be paid at the time of purchase, then the value of the last installment covering the interest as well will be?
Options:
* 7250
* 7200
* 7820
* 6000
* 2799