A man buys a TV priced at Rs. 16000. He pays Rs. 4000 at once and the rest after

Question

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 charges a simple interest at the rate of 12% per year. The total amount he pays for TV is = ?

Options:

A . Rs. 18200

B . Rs. 17200

C . Rs. 17800

D . Rs. 16800

Answer: Option C

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