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Commerce · Q1930

Accounting

Graduate and Post Graduate · Commerce · question 1930

Q1930

Hire-purchase price of a machinery is Rs. 30,000 and its cash price is Rs. 24,000. Payment is to be made in three equal installments. State the interest of second installment.

A.
Rs. 1,500
B.
Rs. 3,000
C.
Rs. 2,000
Answer
D.
Rs. 2,400

Answer: Option C

Solution

Answer: Option C
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