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:Solution
The correct answer is C
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Choose the word that best fits the blank:
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