engineering recuitment MAHATRANSCO AE Electrical Mock Test Quantitative Aptitude Interest Installments
The cost price of an item is Rs. 20000. To buy on Instalments, there is a down payment of Rs. 4000 and followed by 3 monthly instalments. Rate of simple interest charged by the bank is 20%. Find the monthly instalment. (Answer should be up to two decimal)
1
Rs. 5508.20
2
Rs. 6245.90
3
Rs. 3456.70
4
Rs. 5670.45
5
Rs. 5987.80