Question

gopal is a partner in a firm .he withdrew Rs.1,000 p.m regularly on the first day of every month during tge year ended 31 March,2018 for personal expenses . if intrest on drwaing is charged @15%p.a .clalculate the intrest on the drwaing of gopal.​

Answer 1

Formula for calculation of Interest on drawing =TD*n+1/2/12*r/100

TD=1000*12=12000

N=12

R=15%

Interest on drawing =12000*13/24*15/100

=975

I hope it will help you.

Answer 2

give me in long methods answers