Q: A car is available for `5,40,000 cash or for `95,520 cash down payment followed by three equal annual instalments. If the rate on interest charged is 15% p.a., compounded yearly, then the total interest paid (in `) in the instalment scheme is:
A.
1,39,536
B.
1,36,539
C.
1,39,365
D.
1,35,936
Correct Answer:
Option A -
Explanations:
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