Question

A person bought a car worth $2,80,000 with 12.5% interest compounded yearly. At the end of first year he paid 65,000 ; at the
end of second year he paid 181,250 and at the end of third year he paid 595,000. How much money he paid at the end of fourth
year to clear his debt?
a. O
162450
b. O
1142605
C. O
182460
d. O
7146250
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Answer 1

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