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On 1 April, 2022 a railway company buys on hire- purchase system from hire-vendor some. Thelas for 25,500, payable by three equal instalments combining principal and interest, the latter being a normal rate of 5% per annum.Calculate the amount of annual instalment, and show the necessary accounts for the three years in the railways company ledger. (The present value of an annuity of one rupee for three years at 5% is 2-72325)? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about On 1 April, 2022 a railway company buys on hire- purchase system from hire-vendor some. Thelas for 25,500, payable by three equal instalments combining principal and interest, the latter being a normal rate of 5% per annum.Calculate the amount of annual instalment, and show the necessary accounts for the three years in the railways company ledger. (The present value of an annuity of one rupee for three years at 5% is 2-72325)? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On 1 April, 2022 a railway company buys on hire- purchase system from hire-vendor some. Thelas for 25,500, payable by three equal instalments combining principal and interest, the latter being a normal rate of 5% per annum.Calculate the amount of annual instalment, and show the necessary accounts for the three years in the railways company ledger. (The present value of an annuity of one rupee for three years at 5% is 2-72325)?.

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