= 22800 + 2850 = 25650 He paid 8650 then amount left = 25650 – 8650 = 17000 Amount to be paid after 2 years =17000 + 17000 ×
12.5
100
= 17000 + 2125 = 19125 He paid 9125 at the end of 2nd year then remaining amount = 19125 – 9125 = 10000 Amount to be paid at the end of 3rd year = 10000 + 10000 ×