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Querist : Anonymous

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Querist : Anonymous (Querist)
11 November 2013 if a machine is purchased for $5,00,000 on 1.4.02 on hire-purchase basis.what is the average due date,if amount is repaid in 5 yearly annual installments starting from 1.4.03.
answer:1.4.05

can you please exlpain it how to solve?
thank you

11 November 2013 1 April 2005

Date of Payment Amount Days from Base Date Product
4/1/2003 100000 0 0
4/1/2004 100000 366 36600000
4/1/2005 100000 731 73100000
4/1/2006 100000 1096 109600000
4/1/2007 100000 1461 146100000
500000 365400000
Answer 730.8 from 1 April 2003 ie 1 April 2005.

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 November 2013 hey,i am a cpt kid.
can u explain in anyother way?(if possible...!)

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 November 2013 k got it!
thank you.

12 November 2013 good. take care and best of luck for your preparation.


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