Question

1.5marks
Patil Associates purchased Computer
from Sangeeta Comp. Ltd. On Hire
Purchase system on 1st January, 2019.
Rs. 1,00,000 was paid on signing the
contract. And the balance in 3
instalments of Rs. 1,00,000 each on
31st December every year plus
applicable interest. Cash price of the
computer was Rs. 4,00,000. Interest
charged by the vendor was at 5% per
annum. Amount of 1 st instalment is
A) 105000
B) 100000
C) 120000
n 115000​

Answer 1

Answer:

1000000

Explanation:

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