Calculate interest on drawings of amit if he withdraws a sum of rs20000 in the middle of every month
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calculating the interest on drawing ;--
total amount of drawing = 20000
interest on drawing = 20000×(11.5+0.5/2)×10/100
= 12000
Explanation: for calculating the interest on drawing its % is also needed while there is no any % , Hence we assume 10%
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