Question

Hwle) * 3,000 on April 1, 8,000 on June 31, 12,000 on Oct. 1 and 7,000 on
(Ans : Toms Capita
credited]
8. Calculate interest on drawings of Jyoti @ 9% p.a. for the year ended 31st March
2018 in each of the following cases:
(a) * 36,000 is drawn during the year.
3,000 is drawn in the middle of each month.
403,000 is drawn at the beginning of every month.
* 3,000 is drawn at the end of every month.
12
Feb. 1​

Answer 1

1) 36000*1/2*9/100 = ₹1620 in the middle of each month
2) 36000x6.5/12*9/100= ₹ 1755 drawings are made in behnon of each month
3) 36000x5.5x9/1200= 1485/-