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


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