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A man borrows 12,500 at 20% compound int...

A man borrows 12,500 at 20% compound interest. At the end of every year he pays 2000 as part repayment. How much does he still owe after three such instalments?

A

Rs. `12,000`

B

Rs. `12,864`

C

Rs. `15,600`

D

None of these

Text Solution

Verified by Experts

The correct Answer is:
D
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