Question

Calculate Interest on drawing if X withdraws Rs 8,000 in the beginning of every month for 9 months. Rate of Interest - 10% p.a .

Answer 1

Answer:

Rs.600 is the intrest

Explanation:

P=Rs.8000

Rate of intrest=10%p.a.

time=9months

S.I=PRT/100

8000*9*10/12*100

SI=600

Answer 2

Average period =5 months
8000*5/12*10/100 =333.4