Question

A partner's withdraw from form rupees 7000 at the end of each month@ 6% per annum total interest will be?​

Answer 1

Answer:

2,310

Explanation:

1. 7,000 * 0.6 * 11/12

2. 7,000 * 0.6 * 10/12

3. 7,000 * 0.6 * 9/12

4. 7,000 * 0.6 * 8/12

5. 7,000 * 0.6 * 7/12

6. 7,000 * 0.6 * 6/12

7. 7,000 * 0.6 * 5/12

8. 7,000 * 0.6 * 4/12

9. 7,000 * 0.6 * 3/12

10. 7,000 * 0.6 * 2/12

11. 7,000 * 0.6 * 1/12

Answer 2

Answer:

Is the question based on "simple interest" or " compound interest "

Please mention

Regards