Question

3) Total Installments in which the
balance amount is payable is equal to
the
O
a. the Cash Price of the article and
interest
O
b. Hire Purchase Price and Down
Payment
c. Hire Purchase Price less Down
O
Payment
O d. Hire Purchase Price less interest​

Answer 1

Answer:

Hire purchase price: it is the price at which the goods are sold under 'hire purchase system' it includes cash price of the goods and interest. 5. Installment money: it is the part of the hire purchase price paid by hire purchaser, in periodic intervals.

Answer 2

Hire Purchase Price less interest​

Hire purchase price is a course of action for buying expensive client items, where the buyer makes a fundamental beginning venture and pays the balance notwithstanding premium in segments. With some piece plans, the buyer gets the ownership opportunities when the arrangement is embraced with the merchant. With enlist purchase courses of action, the obligation regarding the stock isn't officially moved to the buyer until all of the portions have been made.