Question

Asha owes Usha the following amounts:
Rs.2000 due 31-1-2016 Rs.5000 due 31-3-2016 Rs.1000 due 31-5-2016
Usha owes Asha the following amounts: Rs.1000 due 31-3-2016
Rs.1600 due 30-4-2016
Rs.600 due 31-5-2016
Find the average due date for a settlement in one lumpsum [Calculation to be made in terms of months].

Answer 1

Explanation:

Due Date :

⇒ August 10, 2011 + 3 Months + 3 Days = September 13, 2011.

⇒ October 23, 2011 + 60 Days + 3 Days = December 25, 2011

⇒ December 4, 2011 + 2 Months + 3 Days = February 7, 2012

⇒ January 14, 2012 + 60 days + 3 Days = March 18, 2012

⇒ March 08, 2012 + 2 Months + 3 Days = May 11, 2012.

⇒ Here, we are taking September 13, 2011 as a base date.

DueDate Amount

Rs. No.ofdaysfrom

September13,2011 Product

September 13, 2011 6000 0 0

December 25, 2011 5000 103 515000

February 7, 2012 4000 147 588000

March 18, 2012 2000 186 372000

May 11, 2012 3000 240 720000

Total 20000 2195000

⇒ AverageDueDate=BaseDate+

TotalAmount

TotalofProduct

⇒ AverageDueDate=September13,2011+

20000

2195000

⇒ AverageDueDate=September13,2011+109.7days

⇒ AverageDueDate=September13,2011+110days

∴ AverageDueDate=January01,2012

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