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A man makes a late payment of his property tax of Rs. 30,000. He is late by 45 days and on each day he is required to pay an additional amount of 1% as penalty but up to a maximum penalty of 15% if the principal amount of peroperty tax is less than Rs. 25,000. What is the total amount of penalty he is required to pay?

A. 4,500
B. 34,500
C. 43,500
D. 13,500

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