XAT 2019 Question Paper | Quantitative Aptitude and Data Interpretation

XAT Previous Year Paper | XAT QADI Questions | Question 8

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Question 8 : 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:

  1. Rs.2880
  2. Rs.2965
  3. Rs.2896
  4. Rs.2990
  5. Rs.3016

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Choice B is the correct answer.

 

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