Question

Aryan draw 4000in the beginning of each month for 9 month. Calculate interest on drawing 10 percent

Answer 1

Answer:

interest on drawing

Total drawing = 4000×9 = 36000

Interest on drawing

36000×10÷2×1÷12×10÷100

= 1500

Explanation:

withdrew money in beginning of month

m+1÷2 ×1÷12( m = month )

withdrew money in middle of month

m÷2×1÷12

withdrew money in end of the month

m-1÷2×1÷12

Hope this will help you

Answer 2

$\huge\mathbb\pink{♡AnSwEr●}$

interest on drawings=289

$amount = 4000 \\ interest \: rate = 10\% \\ avg. \: period = \: \\ (in \: beginning \: of \: every \: month \: upto \: 9 \: months) \: = \frac{total \: months \: + 1}{2} \\ \frac{12 + 1}{2} = 6.5 \\ interest \: on \: drawings = 4000 \times \frac{10}{100} \times \frac{6.5}{9} = 288.88 \\ = 289$