Question

A partner has withdrawn ₹720 every month at the middle of the month. Intreste charge 45%. Calculate interest on drawing....



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Answer 1

$\sf\huge\blue{AnSwEr}$

Amount of Drawings= ₹720

Rate= 45%

$period = (in \: middle \: of \: every \: month) \: so \\ = \frac{total \: months}{2} = \frac{12}{2} = 6 \: months \\ interest \: on \: drawings \: of \: partner \: a</p><p></p><p></p><p></p><p>= 720 \times \frac{45}{100} \times \frac{6}{12} \\ = 162$

so, interst on drawings= 162.