A person wants to purchase a motor cycle. He has two alternatives for the payment. It costs
₹ 40,000 if full payment is made at the time of purchase. Other alternative is to pay the cost in 4
years by monthly installment, starting with ₹ 500 in the first month and increasing the value of
the installment by ₹ 20 every succeeding month. What is the extra payment in the installment
scheme?
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