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A taperecorder is sold for Rs 3500 ca...

A taperecorder is sold for Rs 3500 cash, or Rs 1000 cash down payment and the balance in three equal easy instalments. If `12 1/2%` is the rate of interest compounded annually, find the amount of instalment. (a) Rs 1000.35 (b) Rs 1049.85 (c) Rs 1050.65 (d) 1100.45

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