A man purchased a house valued at ₹300,000. He paid ₹2,00,000 at the time of purchase and agreed to pay the balance with interest at 12% per annum compounded half yearly in 20 equal half yearly installment.If the first installment is paid after six months from the date of purchase then the amount of each installment is
(Given log10.6 = 1.0253 and log31.19 = 1.494)
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8419.66
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