Question

Arvind and Atul are two partners Sharing profits
in the ratio 0f 2:1. Arvind drew regularly in the beginning of every month and Atut drew regularly rupees 4000 at the last day of every month for six months ending on 30 June, 2017. Calculate interest on drawings at 12% p.a. ?​

Answer 1

HMMMM. LOOKS LIKE COMPLICATED

Answer 2

Answer 840 ; 600

Explanation:

Arvind no. Of drawings :6

Amount of each drawing: 40000 ×6 =24000

Number of month= ( time left after 1st drawing + time left after last drawing)%2; (6+1)%2=3.5 months

I.o.D for arvind = 24000× 12/100× 3.5/12 = 840

I.o.d for arun =24000×12/100×3/12{(6+0)%2=3months}

600