Question

charu and disha are partners. charu draws of fixed amount at the beginning of every month.interest on drawings is charged @10%p.a at the end of the year interest on charu's drawings amount to rs 2860 drawings of Charu were:
a) Rs 5200p.m
b) Rs 4800p.m
c)4400p.m
d) 5600p.m​

Answer 1

Answer:

interest on drawing = amount × rate × average period

2860 = amount × 10% × 6.5/12

2860×100/10×12/6.5 = amount

52800 = amount

drawing p.m. = 52800/12

=4400

Answer 2

Answer:

c) Rs 4,400 p.m

Charu's Drawings are of Rs 4,400 p.m

Explanation:

Solution :

Interest rate = 10%

Interest on Charu's Drawings = Rs. 2860

Charu draws of fixed amount at the beginning of every month

So,

Beginning at the each month

Average period = 6.5

The interest on drawings = Total drawing × rate of the interest × Average period / 12

⇒ 2860 = Drawing amount × 10 / 100 × 6.5 /12

$2860= \: DrawingAmount \times \frac{10}{100} \times \frac{6.5}{12}$

⇒2860 = Drawing Amount × 0.1 × 0.5416

⇒ 2860 = Drawing Amount × 0.05416

⇒ Drawing Amount = 2860 / 0.05416

⇒ Drawing Amount = 52,806.5 / 12

⇒ 4,400

Drawing Amount = Rs 4,400 p.m

Therefore,

c) Rs 4,400 p.m

Charu's Drawings are of Rs 4,400 p.m