Question

Compute Interest on Partner’s Drawings in the following situations, if interest rate is 10% p.a. – • Rs. 10,000 withdrawn per month, throughout the year, at – (a) beginning of each month, (b) middle of each month, and (c) end of each month. • Rs. 24,000 withdrawn per quarter, throughout the year, at – (a) beginning of each quarter, (b) middle of each quarter, and (c) end of each quarter. • Rs. 15,000 withdrawn per month, for a six months period, at – (a) beginning of each month, (b) middle of each month, and (c) end of each month. • Drawing during the entire year Rs. 2,50,000 (details of withdrawal not available) • Drawings during the entire year Rs. 2,50,000 (details of withdrawal not available), and interest is to be calculated without reference to time factor. (i.e. Interest on Drawings at 10%, and not 10% p.a.)​

Answer 1

Answer:

yes this answer is right