Question

If drawings of equal amount are made in the beginning of every month for 9 month ending 31st March, then interest on drawing will be calculated for an average period for _________Months. (Answer should be in numeral only)

Answer 1

Answer:

The answer is 5 month

Explanation:

Average period = time left after ist drawing + time left after last drawing /2

so in this case average period is 9+1/2= 5