"Under the Rural Housing Scheme, the Delhi Development Authority (DDA) allotted a house to Kamal Raj
Channel: Doubtnut
Date: 05/04/2020

"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"