Question

Calculate the interest on drawings of Sh., Ganesh @ 9% p.a. for the year ended 31st March, 2021, in cach of the following alternative cases: Case () If he withdrew 74,000 p.m. in the beginning of every month; (ii) If he withdrew 5,000 p.m. at the end of every month.; (ii) If he withdrew 26,000 p.m; (iv) If he withdrew 72,000 during the year​

Answer 1

Answer:

answer is case 1 = 43290

case 2 = 2475

case 3= 28080

case 4 = 3240 ( during the year will calculated for 6 months )

Explanation:

for beginning = total months +1

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for middle = totl months +०

for end = total months - 1