Question

Ankita withdrew * 2,000 from business for personal use at the end of every
month during the year 2017-18. The interest on drawings @ 10% will be : [1]
(A) < 1,200
(B) * 1.100
(C) 3 1,300
(D) * 2.400
TIM
TIF 11
Toute​

Answer 1

Answer:

option (B) Rs. 1100

Explanation:

2000×12=24000

24000×10/100×5.5/12=1100

{5.5/12 is the formula for monthly drawings at the end of every month}