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Multiple choice

Q received a sum of Rs. 20 lakh on sale of a property which he has invested in term deposit with a bank @10% interest for 10 years with the provision that he shall get a fixed amount every 10 years. How much amount shall he receive?

  1. Rs. 3,25,491

  2. Rs. 3,25,941

  3. Rs. 3,24,480

  4. Rs. 3,23,490

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