Question

A Partner withdrew of Rs 1200 per month at the end of each month. Calculate Interest on drawing at 8% p.a<br />A. ₹ 400<br />B. ₹ 200<br />C. ₹ 528<br />D. ₹ 625​

Answer 1

Answer:

The answer is option C 528

Explanation:

he withdrew 1200 per month. so for a year 1200*12=14400

and 8% interest thus 14400*8%= 1152

since he withdrew at end of each month.

1152*5.5/12= 528