Question

On Ist January 2003. A bought a television from a seller under Hire Purchase System, the
which being Rs 10.450 as per the following terms:
(a) Rs 3,000 to be paid on signing the agreement. .
(6) Balance to be paid in three equal instalments of Rs 3,000 at the end of each year,
(c) The rate of interest charged by the seller is 10% per annum .
You are required to calculate the interest paid by the buyer to the seller each year.​

Answer 1

Answer:

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