{"id":48394,"date":"2024-04-15T22:40:37","date_gmt":"2024-04-15T22:40:37","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=48394"},"modified":"2024-04-15T22:40:37","modified_gmt":"2024-04-15T22:40:37","slug":"hire-purchase-price-of-a-machinery-is-rs-30000-and-its-cash-price-is-rs-24000-payment-is-to-be-made-in-three-equal-installments-state-the-interest-of-second-installment","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/hire-purchase-price-of-a-machinery-is-rs-30000-and-its-cash-price-is-rs-24000-payment-is-to-be-made-in-three-equal-installments-state-the-interest-of-second-installment\/","title":{"rendered":"Hire-purchase price of a machinery is Rs. 30,000 and its cash price is Rs. 24,000. Payment is to be made in three equal installments. State the interest of second installment."},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Rs. 1,500&#8243; option2=&#8221;Rs. 3,000&#8243; option3=&#8221;Rs. 2,000&#8243; option4=&#8221;Rs. 2,400&#8243; correct=&#8221;option1&#8243;]<!--more--><\/p>\n<p>The correct answer is A. Rs. 1,500.<\/p>\n<p>The hire-purchase price of the machinery is Rs. 30,000 and its cash price is Rs. 24,000. This means that the interest on the hire-purchase price is Rs. 6,000. The payment is to be made in three equal installments, so each installment is Rs. 10,000. The interest on the second installment is therefore Rs. 1,500.<\/p>\n<p>Option B is incorrect because it is the total interest on the hire-purchase price. Option C is incorrect because it is the interest on the first installment. Option D is incorrect because it is the cash price of the machinery.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Rs. 1,500&#8243; option2=&#8221;Rs. 3,000&#8243; option3=&#8221;Rs. 2,000&#8243; option4=&#8221;Rs. 2,400&#8243; correct=&#8221;option1&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-48394","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hire-purchase price of a machinery is Rs. 30,000 and its cash price is Rs. 24,000. Payment is to be made in three equal installments. State the interest of second installment.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/hire-purchase-price-of-a-machinery-is-rs-30000-and-its-cash-price-is-rs-24000-payment-is-to-be-made-in-three-equal-installments-state-the-interest-of-second-installment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hire-purchase price of a machinery is Rs. 30,000 and its cash price is Rs. 24,000. Payment is to be made in three equal installments. State the interest of second installment.\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Rs. 1,500&#8243; option2=&#8221;Rs. 3,000&#8243; option3=&#8221;Rs. 2,000&#8243; option4=&#8221;Rs. 2,400&#8243; correct=&#8221;option1&#8243;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/hire-purchase-price-of-a-machinery-is-rs-30000-and-its-cash-price-is-rs-24000-payment-is-to-be-made-in-three-equal-installments-state-the-interest-of-second-installment\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-15T22:40:37+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Hire-purchase price of a machinery is Rs. 30,000 and its cash price is Rs. 24,000. Payment is to be made in three equal installments. State the interest of second installment.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/hire-purchase-price-of-a-machinery-is-rs-30000-and-its-cash-price-is-rs-24000-payment-is-to-be-made-in-three-equal-installments-state-the-interest-of-second-installment\/","og_locale":"en_US","og_type":"article","og_title":"Hire-purchase price of a machinery is Rs. 30,000 and its cash price is Rs. 24,000. Payment is to be made in three equal installments. 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