Rohan buys a bike priced at ₹95,000. He pays ₹25,000 at once and the rest after 18 months, on which he is charged a simple interest at the rate of 10% per annum. The total amount (in ₹) he pays for the bike is:
1
1,23,200
2
1,02,320
3
1,03,500
4
1,05,500