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A person bought a refrigerator worth Rs. 22,800 with 12.5% interest compounded yearly. At the end of first year he paid Rs. 8,650 and at the end of second year Rs. 9,125. How much will he have to pay at the end of third year to clear the debt?

[Paper II (CSAT) Analysis 2018]
A
B
C
D

EXPLANATION

Answer is (d). Total interets in first year is 12.5% of 22800 = Rs. 2850. ...
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