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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