Mathematics for FinancePYQ Jun 23Question 1466 of 422
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A car is available for $4,98,200$ cash payment or $60,000$ cash down payment followed by three equal annual instalments. If the rate of interest charged is $14\%$ per annum compounded yearly, then total interest charged in the instalment plan is (Given $P(2.0,14) = 2.32163$):

Options

A$1,46,314$
B$1,46,137$
C$1,28,040$
D$1,58,040$
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Correct Answer

Option c$1,28,040$

All Options:

  • A$1,46,314$
  • B$1,46,137$
  • C$1,28,040$
  • D$1,58,040$

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