Question

Anand owes Sunil kumar Rs. 870 on 1st January 1987.
The following further transactions took place between Anand and Sunil Kumar:
; Interest Rs.31.68]
January 16 Anand buys goods Rs. 700
February 2 Anand receives cash Rs. 550
March 5 Anand buys goods Rs 400
Anand pays the whole amount due on 31st March, together with interest at 10%
per annum. Calculate the interest by the average due date method.
[Madurai, B. Com., Nov. 1987]
[Ans: A.D.D. 22-1-1987: Interest Rs 46,95]​

Answer 1

Answer:

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Explanation:

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Answer 2

Answer:

average due date =22-01-1987