Question

A partner withdrew Rs.50,000 at the beginning of each half year during 2021-2022 What interest will be charged on his drawings @ 5%p.a?
a) 2500 b) 1250 c)3750 d)1875​

Answer 1

Answer:

The answer will be

b.) 1250

Explanation:

half year means 6 months so 6/12

5% means 5/100

So 50,000*6/12*5/100

Answer 2

Answer:

answer is option c)3750

Explanation:

interest on drawings=total drawings*rate/100*avg period of drawing/12

average period=months left after first drawing+months left after last drawing/2

                        =(12+6)/2=18/2=9//

total drawings=50,000*2=100,000

:.interest on drawings=100,000*5/100*9/12=3750//