A farmer borrowed ₹1,32,000 from a money lender to do cultivation in his field. The rate of interest is 12.5% p.a. compounded annually. At the end of two years, he cleared his loan by paying ₹1,07,062.50 and his scooter. The cost (in ₹) of the scooter is:

1. A.45,000
2. B.60,000✓ Correct
3. C.50,000
4. D.75,000

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