Question

A partner withdrew 4,000 per month from 1 July, 2016, on beginning of every month. counts are closed at 31st March, 2017. Calculate interest on drawings while rate of interest is 10% per annum.​

Answer 1

Answer:

total drawings = 4000 × 9 (months left after the drawings) = 36,000

calculation of interest on drawings:

total drawings × interest rate = 36,000 × 10/100 = 3,600

since, drawings are made at the beginning of every month the time period of the drawings will be 6.5

So, total interest on drawings are:

3,600 × 6.5/12 = 1,950

Answer 2

Explanation:

answer 36000

$answer \: is \: 36000$