In hire purchase, if they gave amounts as instalments , from that we will find INTEREST & PRINCIPAL..
""""But how they I'll fix those instalment amount""""
What is the logic or calculation behind that..??
Suryaa Ss
CA Inter
★ 0
07-May-20 17:19
341
Answers (1)
It is a backward calculation. The last payment will include interest and opening principal. Using that logic you can do the computation.