how to calculate interest on drawing?explain.
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When date of Drawings is not given. Interest on Drawing = Total Drawings x Rate/100 x 6/12. Note : Interest is calculated for a period of 6 months.
When date of Drawings is given. Interest on Drawing = Total Drawings x Rate/100 x Time Left after drawings/12.
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Answered by
0
Answer:
When date of Drawings is not given. Interest on Drawing = Total Drawings x Rate/100 x 6/12. Note : Interest is calculated for a period of 6 months.
When date of Drawings is given. Interest on Drawing = Total Drawings x Rate/100 x Time Left after drawings/12
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