Question

चार्ज इंटरेस्ट ऑन ड्रॉइंग रुपीस वन थाउजेंड फाइव हंड्रेड​

Answer 1

ANSWER

Interest in the three situations will be:

(i) Total Drawings in the year =Rs.12,000, Rate of Interest =15% p.a.

Interest on Drawings =

100

Rs.12,000×15

×

12

6

2

1

=Rs.975.

Average Period =

2

Months left after first Drawing + Months left after lait Drawing

=

*Average Period =

2

12 Months+1 Months

=6

2

1

Months.

(ii) Total Drawings in the year =12,000, Rate of Interest =15% p.a.

* Interest on Drawings =

100

12,000×15

Average Period =

2

11

2

1

Months+

2

1

Month

=6 Months.

(iii) Total Drawing in the year =Rs.12,000, Rate of Interest =15% p.a

Interest on Drawing =

100

Rs.12,000×15

=

12

5

2

1

∗

=Rs.825.

*Average Preriod =

2

11 Month + 0 Month

=5

2

1

Months

×