A man buys a TV prices at Rs 16000 He pays Rs 4000 at once and the rest after 15 months on which he ...........

Quant (SSC) Simple Interest

A man buys a TV prices 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

18200

17800

17200

16800

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Explanation:

P = 16000 – 4000 = 12000, r = 12%
t = 15 months = 15/12 yr
SI = 12000 × 12 × (15/12) /100
= 12000 × 12 × 15 / 100 x 12 = 1800
Total amount = 16000 + 1800 = 17800/-