Question

5 points
3) On 1-1-2015 M/S X & CO.
purchased a machine from
MIS Y & co. on hire purchase
system. Down-payment on 1-
1-2015 was Rs. 20,000 and
balance of cash price was
payable in three equal annual
installments with 5% interest
p.a. The amount of last
installment together with
interest is Rs. 12,600. Find the
cash price of P/M.
O )
1) 55,000
O2) 53,000
O 3) 56,000​

Answer 1

Answer:

3) 56,000

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