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A man buys a TV priced at Rs. 16000. He pays Rs. 4000 at once and the rest after 15 months on which he is charged a simple interest at the rate of 12% per year. The total amount he pays for the TV is
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- Rs. 18,200
- Rs. 17,800
- Rs. 16,800
- Rs. 17,200
- Rs. 18,200
Correct Option: B
According to question , we have
Remaining amount = Rs. (16000 – 4000) = Rs. 12000
| S.I = | |
| 100 |
| SI = | = Rs. 1800 | |
| 12 × 100 |
∴ Total amount paid = Rs. (16000 + 1800) = Rs. 17800
