Question

Hari owes Ram Rs. 2,000 on 1st April, 2015. From 151 April, 2015 to 30h June, 2015 the following
further transactions took place between Hari and Ram:
April 10 Hari buys goods from Ram for Rs. 5,000
May 16
Hari receives cash loan of Rs. 10,000 from Ram
June 9 Hari buys goods from Ram for Rs. 3,000
Hari pays the whole amount together with interest @ 15% per annum, to Ram on 30th June, 2015.
Calculate the interest payable on 30th June, 2015 by the average due date method.​

Answer 1

Answer:

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