Question

17. In a firm R, S and T are partners. They made the drawings as follows:
(i) R5,000 p.m. on the first day of each month for 6 months.
(1) S 4,000 p.m. on the last day of each month for 6 months.
(ii) T3,000 p.m. in the middle of each month for 6 months.
Calculate interest on drawings @ 12% p.a.
(Ans. (i) 1,050, (ii) 600 (iii) 540.)​

Answer 1

Explanation:

thus,

multiple 12 × 1 × drawings

100 12

Its simple

Answer 2

Explanation:

in a firm r,s ,t are partners they made the drawing as follows