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Please solve as soon as possible & On 1st January, 2016 Messrs XYZ & Co took delivery from ABC & Co. Ltd. Of a machine
Please solve as soon as possible
& On 1st January, 2016 Messrs XYZ & Co took delivery from ABC & Co. Ltd. Of a machine on hire-purchase system, Rs.1,500 being paid on delivery and the balance in five instalments of Rs.3,000 each, payable annually on 31st December. The cash price of the machine was Rs. 15,000, Calculate the amount of interest for each yearStep by Step Solution
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