Question

interest on drawings in different situations
he drawings 1200 pm for three month at beginning of the month
he drawings 1200pm for next three month at end of the month
he drawings remaining month 1200 pm
ending year 31 december2018​

Answer 1

Answer:

here is your answer

Explanation:

you can solve from this formula

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Note: When equal amount of drawings is withdrawn at the beginning of each quarter, interest is calculated for a period of 7.5 months.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Note: When equal amount of drawings is withdrawn at the end of each quarter, interest is calculated for a period of 4.5 months.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Note: When equal amount of drawings is withdrawn during the middle of each quarter, interest is calculated for a period of 6 months.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

l hope it's helpful

Answer 2

Answer:

You are a good person and you will become great artist