Question

if rent amount of rs 5500 starts from 20 aug 2020 and ending on 20 june 2021, how much money will be paid till date​

Answer 1

Answer:

335 is the correct answer

Answer 2

Step-by-step explanation:

Total drawings= 7500 * 4

=30000

Rate= 10%

Case 1: If he withdrew 7500 in the beginning of each quarter-

Note: When equal amount of drawings is withdrawn at the beginning of each quarter, interest is calculated for a period of 7.5 months.

Hence,

Interest on drawings= 30000 * 10/100 * 7.5/12

= 1875

Case 2: If he withdrew 7500 at the end of each quarter-

Note: When equal amount of drawings is withdrawn at the end of each quarter, interest is calculated for a period of 4.5 months.

Hence,

Interest on drawings= 30000 * 10/100 * 4.5/12

= 1125

Case 3: If he withdrew 7500 during the middle of each quarter-

Note: When equal amount of drawings is withdrawn during the middle of each quarter, interest is calculated for a period of 6 months.

Hence,

Interest on drawings= 30000 * 6/12 * 10/100

= 1500