Question

calculation of statutory hire purchase chagres​

Answer 1

Answer:

The statutory charges, in respect of a cash price instalment, shall be an amount calculated at the rate of thirty per centum per annum or, if a lower rate is specified under sub-section (3), as such lower rate, in accordance with the following formula:— Cl×R×T SC=—————— 100 where,—SC,—represents the statutory ...

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