Question

Mr. Aranu purchased a machine by hire purchase system for Rs.30000 to be paid as follows
Amount (Rs.)
Down payment
At the end of the first year
At the end of the second year
6.500
At the end of the thund year
6.00
At the end of the fourth yeur
5.08000
Interest is charged on the value on 10% pa.
At whil value should the machine he capitalised​

Answer 1

Explanation:

Aranu purchased a machine by hire purchase system for Rs.30000 to be paid as follows

Amount (Rs.)

Down payment

At the end of the first year

At the end of the second year

6.500

At the end of the thund year

6.00

At the end of the fourth yeur

5.08000

Interest is charged on the value on 10% pa.

At whil value should the machine he capitalised