Charge interest on drawings ( 25,000) @ 18% p.a. for 6 months.
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charge interest on drawing (25000)@ 18% p.a. for 6 months is 1125.
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Answer:
2250
Explanation:
Given,
P = 25000
R= 18%
N = 6/12 mnths
Interest = P X N X R
-----------------
100
= 25000 × 6 × 18
-----------------------
12 × 100
= ₹2250
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