Question 137

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:

Solution

Given, Price of the T.V = 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 = $$P+\frac{PTR}{100}$$

$$=12000+\frac{12000\times15\times1}{100}$$

$$=12000+1800$$

$$=Rs.13800$$

$$\therefore\ $$Total amount he pays for T.V = 4000 + 13800 = Rs. 17800

Hence, the correct answer is Option A


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