Question

2,918)
Ans. Interest: I - * 8,000, L-5,683, II
42. On 1st April, 2015 Ramdoot Bros, purchased a car on Hire Purchase System. The main particular
purchase agreement are as under:
Cash price of car is 7 9,00,000. Rate of interest is 10% p. a. There is no initial payment. Hire purchase
was paid in three equal annual instalments. The first instalment becoming due and payable on 31st Me
2016. Calculate interest and hire purchase price and prepare also hire vendor's account.
- 2000
TT
TY
33​

Answer 1

Answer:

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Explanation:

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