Computation of cost price (hire purchase)

Calculate Cost Price where rate of interest is 12% p.a. Charged Quarterly 

Date
Amount
Nature
1.1.2003
10,000
DOWN
1.4.2003
15,000
1st Installment
1.11.2003
20,000
2nd Installment
1.4.2004
20,000
3rd Installment
1.6.2005
30,000
4rth Installment

Rate Of Interest is increasing by 2% every Year with effect From 1.1.2004            

Plz Solve this question In a Easy Way             
Thank You

Replies (1)
Plz Solve this question

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT, CA SemiQualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
Featured 18 July 2026
Senior Manager- Finance & Accounts

apricus india

Ahmedabad

CA

View Details
Company
23 July 2026
CA Inter

Vikram Jadhav and Company

Pune

CA Inter

View Details
Company
13 July 2026
AVP / VP - PCG Advisory

Workforce Connect

Mumbai

MBA

View Details
Company
06 July 2026
Chartered Accountant (Indirect Taxation)

Gowra Ventures Pvt Ltd

Hyderabad

CA

View Details
Company
11 July 2026
CA semi qualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

G A R U D & Associates

New Delhi

CA Inter

View Details
Company
22 July 2026
Senior Chartered Accountant

SKSS

Patna

CA

View Details
Follow