Question

A drew Rs 50,000 during the year. If the rate of Interest on Drawing is 10% then _____ will be the amount of Interest on Drawing . *

A drew Rs 50,000 during the year. If the rate of Interest on Drawing is 10% then _____ will be the amount of Interest on Drawing . *


A drew Rs 50,000 during the year. If the rate of Interest on Drawing is 10% then _____ will be the amount of Interest on Drawing . *




A drew Rs 50,000 during the year. If the rate of Interest on Drawing is 10% then _____ will be the amount of Interest on Drawing . *
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Answer 1

interest on drawings is 5000

Explanation:

50000*10/100 = 5000

If they would have given per annum then we would have calculated for 6 months

But they mentioned only 10% but not 10% p.a

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Answer 2

$\huge\mathbb\red{AnSwEr}$

$\: amount = 50000 \\ rate = 10\% \\ interest \: on \: drawings = 50000 \times \frac{10}{100} = 5000 \\ = 5000$

hope this helps..