search
Q: A car is available for `5,40,000 cash or for `95,520 cash down payment followed by three equal annual instalments. If the rate on interest charged is 15% p.a., compounded yearly, then the total interest paid (in `) in the instalment scheme is:
  • A. 1,39,536
  • B. 1,36,539
  • C. 1,39,365
  • D. 1,35,936
Correct Answer: Option A -
answer image

Explanations:

explanation image