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    • 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 Correct Answer Incorrect Answer
      B 45,000 Correct Answer Incorrect Answer
      C 60,000 Correct Answer Incorrect Answer
      D 50,000 Correct Answer Incorrect Answer

      Solution

      The correct answer is C

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