state gov UKPSC Police SI Mock Test 2024 Quantitative Aptitude Interest Compound Interest

A person borrows ₹20,000 at 25% compound interest per year, compounded annually. At the end of every year, he pays ₹2,500 as part payment. How much does he still owe after two such instalments?

1
₹25,625
2
₹25,825
3
₹25,925
4
₹25,725
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