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An article is sold for ₹ 500 cash or for...

An article is sold for ₹ 500 cash or for ₹ 150 cash down payments followed by 5 equal monthly instalments. If the rate of interest charged is `18%` p.a. compute the monthly instalment:

A

Rs. 63.07

B

Rs. 72.03

C

Rs. 75.06

D

Rs. 73.06

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The correct Answer is:
D
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