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Under the Rural Housing Scheme, the D...

Under the Rural Housing Scheme, the Delhi Development Authority (DDA) allotted a house to Kamal Raj for Rs 1,26,100. This payment is to be made in three equal annual instalments. If the money is reckoned at 5% per annum compound interest, then how much is to be paid by Kamal Raj in each instalment? (a) Rs 45205    (b) Rs 46305    (c) Rs 47405    (d) Rs 48505

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