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    • Question

      A car is available for ₹ 4.98.200 cash or ₹ 60,000

      cash down payment followed by three equal annual instalments. If the rate of interest charged is 16% p.a., compounded yearly, then the total interest charged in the instalment plan is:
      A ₹1,46,314 Correct Answer Incorrect Answer
      B ₹1,47,136 Correct Answer Incorrect Answer
      C ₹1,45,163 Correct Answer Incorrect Answer
      D ₹1,46,137 Correct Answer Incorrect Answer

      Solution

      The correct answer is B

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