(g) Charge interest on drawings 300.
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Drawings are made in the begnning of each period (halfyear) interest on drawing = Amount x Rate/100 x 9/12. Drawings are made in the middle of each period (half year) interes on drawing = Amount x Rate/100 x 6/12. Drawings are made at the end of each period (half year) interest on drawing = Amount x Rate/100 x 3/12.Jun 6, 2017
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Explanation:
Drawings are made in the begnning of each period (halfyear) interest on drawing = Amount x Rate/100 x 9/12. Drawings are made in the middle of each period (half year) interes on drawing = Amount x Rate/100 x 6/12. Drawings are made at the end of each period (half year) interest on drawing = Amount x
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