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:
Given, Price of the T.V =Â Rs. 16000
Man pays Rs. 4000 at once,
$$=$$> Remaining amount = 16000-4000 = Rs. 12000
$$=$$> The principal amount on which simple interest was charged (P)= Rs. 12000
Given rate of simple interest (R)= 12% per year = $$\frac{12}{12}\%$$ per month = 1% per month
Time (T)= 15 months
$$\therefore\ $$Amount to be paid with simple interest =Â $$P+\frac{PTR}{100}$$
$$=12000+\frac{12000\times15\times1}{100}$$
$$=12000+1800$$
$$=Rs.13800$$
$$\therefore\ $$Total amount he pays for T.V = 4000 + 13800 = Rs. 17800
Hence, the correct answer is Option A
Create a FREE account and get: