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.
(ii) S * 4,000 p.m. on the last day of each month for 6 months.
(iii) T 3,000 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.]
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Answer 1

Answer:

I think the right answer is third