Question 1:- Mr. Aman borrowed Rs.1,25,000 was borrowed at an effective interest rate of 10 percent per annum. The amount has to be repaid with interest in ten equal annual instalments. Each instalment is payable at the end of every year. What will be amount of each instalment?

a) Rs.20,342

b) Rs.10,852

c) Rs.40,342

d) Rs.22,442