A man borrows Rs. 12500 from a bank at 20% compound interest. At the e – McqOptions

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1.	A man borrows Rs. 12500 from a bank at 20% compound interest. At the end of every year he pays Rs. 2000 as part repayment. How much does he still owe to the bank after three such instalments ? ?
A.	Rs. 15600
B.	Rs. 12864
C.	Rs. 12000
D.	none of these
Answer» E.

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