Accountancy, asked by VishalNegi1332, 1 year ago

A household article is available for rs. 970 cash or rs. 210 cash down payment followed by three equal monthly installments. if the rate of interest charged under the installment plan is 16% per annum, find the amount of installment.

Answers

Answered by ashakantasharma

2

The amount of installment is Rs. 263.47/-

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