Question

A farmer borrowed ₹ 1,32,000 from a money lender to do cultivation in his field. The rate of interest is 12.5% per annum compounded annually. At the end of two years, he cleared is loan by paying ₹1,07,062.50 and his scooter. The cost (in ₹) of the scooter is:

A 75,000
B 45,000
C 60,000
D 50,000
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