How to solve CMAT 2022 Question 7?

This question can be solved by applying the core concept explained in the solution above, followed by step-by-step calculation and elimination of options.

Which concept is tested in this question?

This question tests fundamental concepts commonly asked in CMAT exams.

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CMAT 2022 Question 7

This is a detailed step-by-step solution for CMAT 2022 Question 7. Understand the concept, common mistakes, and expert tips to solve similar questions in CMAT exam.

CMAT 2022

Time value of money Rs 4,000 at the end of 3 years = Rs 6083.5
Value of first installment at the end of 3 years = Rs 1983.75
Value of second installment at the end of 3 years = Rs 1725
Value of third installment = 1500
Let us assume he has to pay Rs. x to clear all his dues
1983.75 + 1725 + 1500 + x = 6083.5

x = Rs 874.75
Answer is option D.

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