calculate interest on capital till 31/3/2020
Date Amt
1/4/2019 10000
30/6/2019 5000
1/12/2019 3000
31/3/2020 1000
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Answer:
date। amount time left product
2019
1-2 5000 11 55000
1-5. 10000. 8. 80000
30-6. 8000. 6. 48000
1-10. 12000. 3. 36000
total of product. 219000
Interest on drawing =
total of product × rate × 1/12
= 219000×17/100×1/12
= 3102.5
Explanation:
on 91-10-2019 12000
as it is not clear it is 1st october or 31st october
I assume it 1st october
if it is 31st october then time left 2 months hogs
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