Question

Calculate interest on the drawings of Mr. Mahesh @ 5% p.a. for the year ended 31st March, 2019 in each of the following alternative cases: i) If he withdrew Rs. 12,000 in the beginning of each quarter. ii) If he withdrew Rs. 12,000 at the end of each quarter

Answer 1

Explanation:

Total drawing =7,500 x 4 =Rs. 30,000 Interest Rate = 10% p.a case (a): when equal amount is withdrawn in the beginning of each quarter the interest on drawings is calulated for an average period of 7.5 months Case (b): when equal amount is withdrawn in the beginning of each quarter the interest on drawings is calculated for an average period of 4.5 months. Case (c) : when equal amount is withdrawn in the beginning of each quarter the interest on drawings is calculated for an average period of 4.5 months. Read more on Sarthaks.com - https://www.sarthaks.com/107662/calculate-interest-drawings-ashok-ended-31st-march-2014-each-following-alternative-cases

Answer 2

Answer:

sorry i didn'nt understand