A car with a price of ₹6,50,000 is bought by making some down payment. On the balance, a simple interest of 10% is charged in lump sum and the money is to be paid in 20 equal annual instalments of ₹25,000. How much is the down payment?

A

₹1,55,945

B

₹1,95,455

C

₹1,94,555

D

₹1,45,955