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Question

Mr. Britto deposits a certain sum of money each month into a recurring deposit account of a bank. If the rate of interest is 8% p. a. & Mr. Britto gets Rs.8088 from the bank after 3 years, find the value of his monthly installment?


A

Rs. 200

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B

Rs. 100

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C

Rs. 350

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D

Rs. 150

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E

Rs. 250

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