Question

14. Anuradha is a partner of a firm she withdrew ₹6000 p.m in the beginning of every quarter. Interest on drawing will be

Answer 1

Answer:

A year has 4 quarters.

Total product = ₹6,000 * 4 times

                    = ₹24,000

First drawings = 1st April.

Last drawings = 1st Ocrober.

Average period =

Time left after drawings + Time left after last drawings / 2

12 months + 3 months / 2

7.5 months

Interest on Drawings = Total product * 10/100 * Average period/12

                                  = ₹24,000 * 10/100 * 7.5/12

                                  = ₹1,500

                               

Explanation:

You didn't mention the rate of interest so i took 10% interest pa to show you the process. The process is same so no worries.

i hope it helps :)

Answer 2

Answer:

1500

Explanation:

6000 * 4 * 10/100 * 12+3/2 * 1/12= 1500