X, Y and Z were partners sharing profits and losses equally. On 31.3.2022, Z retired. The amount payable to Z was ₹40,00,000 which was Payble to him in Four half yearly installments along with interest @18% per annum. Payment of the first installment was to start from 31.12.2022. The amount of second installment paid to Z was:

1
₹12,70,000
2
₹13,60,000
3
₹10,90,000
4
₹10,00,000

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