Question
X acquired a car on hire purchase basis and made a down
payment of Rs. 1,00,000. Subsequent payments to be made are Rs. 2,63,000, Rs. 1,85,000, and Rs. 1,14,000 at the end of 1st year, 2nd year, and 3rd year respectively. Interest is charged @ 14% per annum. Calculate cash price.Solution
The correct answer is D
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