Question

how can we calculate drawings if same amount is taken every half of the year?​

Answer 1

Answer:

•Half yearly Drawings for year when:

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.