Accountancy, asked by akankshatoppo1, 3 months ago

How will you calculate interest on drawing of equal amount on the first day of the
every month of a year.

Answers

Answered by Anonymous

1

ᴅʀᴀᴡɪɴɢs ᴀʀᴇ ᴍᴀᴅᴇ ɪɴ ʙᴇɢɪɴɴɪɴɢ ᴏғ ᴇᴀᴄʜ ᴍᴏɴᴛʜ ɪɴᴛᴇʀᴇsᴛ = ᴀᴍᴏᴜɴᴛ x ʀᴀᴛᴇ/100 x 3.5/12.

Answered by rukhsarperween9781

1

Answer:

drawings are made in beginning of each month interest = amount x rate/100 x 3.5/12

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