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A scooty is sold by an automobile agency...

A scooty is sold by an automobile agency for ? 19200 cash or for ? 4800 cash down payment together with five equal monthly instalments. If the rate of interest charged by the company is 12% per annum, then find each instalment.

A

Rs.2880

B

Rs.2965

C

Rs.3016

D

Rs.2896

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The correct Answer is:
B
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