Question

calculate interest on drawing at the rate of 6% per annum for rupees 4000 drawn at the end of each quarter business commencing from 38 June 2017 and ending on 31st March 2018​

Answer 1

Answer:

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Answer 2

Answer:

(4,000x6x4.5)/12 = Rs.540

Explanation:

Here

Average Period is June 30th to March 31st

(9+0)/2=4.5 months

July - September

October - December

January - March