Question

if a partner withdrew Rs.15000 every month, at the end of month what will be the intrest @ 5% p.a.​

Answer 1

Explanation:

If drawings are made by a partner in fixed amount at the end of every month,then interest on his total drawings for a period of 5 1/2 months shall be calculated.

A draws Rs 15,000 every month at the end of the month. So,interest @ 5%p.a will be calculated in the following way:-

Interest on A's Drawings= 15,000* 12 * 5%*5 1/2

= 180000 *5/100*5.5/12

= 4125