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.
A. Rs. 1,500
B. Rs. 3,000
C. Rs. 2,000
D. Rs. 2,400
Answer: Option C
This Question Belongs to Commerce >> Accounting
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