A person bought a refrigerator worth ₹ 22,800 with 12·5% interest compounded yearly. At the end of first year he paid ₹ 8,650 and at the end of second year ₹ 9,125. How much will he have to pay at the end of third year to clear the debt?
A
₹ 9,990
B
₹ 10,000
C
₹ 10,590
D
₹ 11,250
Correct Answer: Option D
Explanation
1. **Analyze the Numbers:** The interest rate is 12.5%. From our PYQ analysis (2014, 2016), we k