XAT Previous Year Papers | Quantitative Aptitude - Installment Amount | XAT 2020 Preparation

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XAT 2019 Question:

A computer is sold either for Rs.19200 cash or for Rs.4800 cash down payment together with five equal monthly installments. If the rate of interest charged is 12% per annum, then the amount of each installment (nearest to a rupee) is:

A) Rs.2880
B) Rs.2965
C) Rs.2896
D) Rs.2990
E) Rs.3016

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