A man has to set up a sinking fund in order to gave ₹50,000 in 10 years for his son's higher education. The amount he has to set aside at the end of every month into the fund paying 6% p.a. compounded monthly is : (Given$ (1.005)^{120}=1.8193)$

₹315.13 ₹311.13 ₹310.13 ₹305.13

₹305.13