Dinesh widrew ₹ 10000 on 15th day of every month. Interest on drawings was to be @ 12 percent per annum. Calculate intereste on dinesh drawings
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Answer:
RUPEES 1500
Explanation:
Principal (p) = rupees 10000
Time (t) = 15 th day of every month = 15|12
Time = is 15 by 12 because 12 months are in a year and denash withdrew in every month
@ = rate of interest (r) = 12 %
Simple interest (s. i) = p×t×r
S. I = 10000×15×12 by 12 × 100
With 100 two zeroes of 10000 will cut = 100
12 cuts 12 = 0
15 don't cut with anyone
100×15
Answer = 1500
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