Amrita buys a car for which she makes a down payment of ₹ 2,50,000 and the balance is to be paid in 2 years by monthly instalments of ₹ 25,448 each.…

Amrita buys a car for which she makes a down payment of ₹ $\displaystyle 2,50,000$ and the balance is to be paid in $\displaystyle 2$ years by monthly instalments of ₹ $\displaystyle 25,448$ each. If the financer charges interest at the rate of $\displaystyle 20$% p.a, find the actual price of the car. [Given $\displaystyle \left(\frac{61}{60}\right)^{-24}=0.67253$]