Calculation of interest on drawing
A partner has withdrawn the following sums from the business for his personal use during the half year ending 30-6-1983.
Rs
22nd January. 500
31st January. 200
18th February. 100
9th March. 150
4th May. 400
30th June. 1000
Find the average due date and calculate interest at the rate of 5% p.a.
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Answer:
the average from all the numbers is 100
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