Question

a machine was purchase for a hire purchase price of rs 17,200. payment was made as follows rs. 4,000 at the time of agreement Rs 4,600 at the end of the 1st year Rs 4,400 at the end of 2nd year and Rs 4,200 at the end of the 3rd year. Interest was charged at 5%. what is the cash price of the machine

Answer 1

Answer:

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