Question

calculate the interest on drawing 10% p.a . z with draw 60000 during the year​

Answer 1

Answer:

60,000*10%= 6000

note:- it may differ if drawing made at different periods.

Answer 2

Answer:

Amount of interest=6,000

Explanation:

Amount of Drawings=60,000

Rate =10%

Interest on Drawings=Amount of Drawings×Rate/100

= 60,000×10/100

= 6,000

So the amount of interest=6,000

Hope it helps you