InvestorQ : Prasanna purchased machinery from Bangalore Machinery Ltd. on 1 January 2010 on hire purchase system. The payment is to be made as follows: Rs. 50,000 paid at the time agreement, Rs. 3,70,000 at the end of 2010, Rs. 3,40,000 at the end of 2011 Rs.
Arivind Manickam made post

Prasanna purchased machinery from Bangalore Machinery Ltd. on 1 January 2010 on hire purchase system. The payment is to be made as follows: Rs. 50,000 paid at the time agreement, Rs. 3,70,000 at the end of 2010, Rs. 3,40,000 at the end of 2011 Rs.

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Navya G V answered.
6 months ago
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Rs 50000 paid at the time of agreement Rs 37000 at the end of 2010 Rs 340000 at the end of 2011 Rs 3 10000 at the end of 2012 Rs 280000 at the end of 2013 cash price of machinery Rs 1050000 rate of interest 12% per annum charged dep on machinery@ 25 % per annum on diminishing balance method
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Navya G V answered.
6 months ago
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  1. For the students to solve the problem with answer
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Navya G V answered.
6 months ago
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  1. For the students to solve the problem with answer
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