A car with a price of Rs. 6,50,000 is bought by making some down payment. On the balance, a simple interest of 10% is charged in lump sum and the money is to be paid in 20 equal annual instalments of Rs. 25,000. How much is the down payment?
A. Rs. 1,55,945
B. Rs. 1,95,455
C. Rs. 1,94,555
D. Rs. 1,45,955
Answer: Option B
This Question Belongs to Arithmetic Ability >> Interest
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