Question

4. If drawings are made in the middle of every quarter, then interest is calculated for:
(a) 6 Months
(b) 7.5 Months
(c) 4.5 Months
(d) None of the above​

Answer 1

Answer:

The answer will be A

Explanation: time left from 1st drawing =10.5 months

Time left from last drawing = 1.5

Average period = 10.5+1.5/2 =12/2 = 6 months

Answer 2

answer is

6 months......