Contest Win Laddus

Does contest win Laddus imply one has to be in top 3 of the rated contest ?
The formula claims Laddus=300+Bonus
Where Bonus=21-n where n is the rank for long contest , so does it mean one has to be among top 21 ?

Top 20. Its written in the post here - How do I win a CodeChef Goodie? - #2 by admin - faq - CodeChef Discuss

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