- A₹28500
- B₹27000
- C₹19500
- D₹24000
Step-by-Step Solution
The values 60000, 55500, 51000, … form an AP with d = -4500, where ₹60000 is the value at the start. After 8 years the value is 60000 + 8(-4500) = 60000 - 36000 = ₹24000. Treating ₹60000 as the value after one year and subtracting only 7 lots of ₹4500 gives ₹28500.
Answer: D) ₹24000