Quantitative Aptitude Interest Installments

Iron man borrows a certain sum of money from Captain America and pays it back in 4 years in 4 equal installments. If C.I. is reckoned at 25% per annum and he pays back annually Rs. 25,000, what sum did he borrow?

1

56,040

2

59,040

3

59,440

4

56,400

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