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1. |
KCS purchased a machine from JPS on hire purchase system, whose cash price was `8,64,000. ` 2,16,000 being paid on delivery and balance in three annual instalments of `2,88,000 each. The amount of interest included in first installment would be |
A. | 72,000 |
B. | 57,600 |
C. | 1,08,000 |
D. | 36,000 |
Answer» D. 36,000 | |