A seller offers a TV for Rs. 27,000 cash down or Rs. 3000 cash down and 18 equal monthly installment of Rs. 1500 each. Find the simple interest charged.

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Accepted Answer

A: 17 7/8%

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A seller offers a TV for Rs. 27,000 cash down or Rs. 3000 cash down and 18 equal monthly installment of Rs. 1500 each. Find the simple interest charged.