Question

Int. on drawings
amounted to Rs.500.​

Answer 1

Answer:

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Explanation:

Similarly Interest can be calculated by following formulas: Half yearly Drawings for year when: Drawings are made in the begnning of each period (halfyear) interest on drawing = Amount x Rate/100 x 9/12. Drawings are made in the middle of each period (half year) interes on drawing = Amount x Rate/100 x 6/12.