(2) Amount at the end of 1 year = 50000 × 1.2 = ₹ 60,000 Amount to be paid after paying 1st instalment = 60000 – 15000 = ₹ 45,000 Amount at the end of 2nd year = 45000 × 1.2 =₹ 54,000 Amount to be paid after paying 2nd installment = 54000 – 15000 = ₹ 39,000 Amount at the end of 3rd year = 39000 × 1.2 = ₹ 46,800 ∴ Amount to be paid at the end of 3rd year = ` 46,800