A shareholder paid the amount for the first and the second call for Rs. 5 and Rs. 3 respectively on ….

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A shareholder paid the amount for the first and the second call for Rs. 5 and Rs. 3 respectively on his holding of 1,000 shares along with allotment. The allotment, the first call and the second call are due on 1^st of March, 31^st of July and 1^st of November respectively. Calculate the amount of interest due on the calls in advance.

Options :-

1. Rs. 245
2. Rs. 204.17
3. Rs. 170
4. Rs. 490

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