Apportionment (分配) of Hire Purchase Interest

on

Two methods (方法) used to calculate Hire Purchase interest
  ( We only learn 2 methods for our syllabus)

 i) Straight Line Method / Equal Instalments (分期付款) Method 

  • Hire Purchase interest (利息) is charged evenly/ equally (平等 )

 ii) Reducing Balance method 
  • Hire Purchase interest  (利息) is charged the reduced (减少) balance outstanding (未付) in the beginning of each period (每个时期的开始)
Refer to Chapter 26 Book 3 (26.3)  as revision 







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