Question

A withdraw 40000 during the yaer interest on drawing is 12%​

Answer 1

Explanation:

Calculation of interest on drawings:

Number of drawings = 6

Amount of each drawing= 4000

Total drawings= 6*4000

                         = 24000

Number of months= [Time left after 1st drawing + Time left after last drawing]/2

                               = [6+1]/2

                               = 3.5 months

Hence,

Interest on drawings= 24000 * 5/100 * 3.5/12

                                  = 350

Answer 2

Answer:

350

Explanation:

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