Question

Calculate IOD @10% OF Mr.X if he withdraws 3000 at beginning of each quarter .​


please help and explain ​

Answer 1

Answer:

you may try this in two ways :->

first at the given amount

formula :- amount (in question) × rate /100 × 2.5

if a partner withdraws at beginning of each quarter then use 2.5 months DON'T WRITE IN DENOMINATOR

.

3000×10/100×2.5 = 750

second at total amount

formula :- total amount × rate /100 × 7.5/12

if you are using this method then you should have to take 12 months

= (3000×4) ×10/100×7.5/12 = 750

.

you may try anyone

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