Question

Interest on Drawings) Parvaiz, Kaiser and Raja started a business on 1 April 2018 you
find that:
(a) Parvaiz drew * 20,000 in the beginning of every month for 9 months ending 31 March
2019.
(h) Kaiser drew 20,000 in the middle of every month for 9 months ending 31 March
2019
(c) Raja drew 20,000 in the end of every month for 9 months ending 31 March 2014
Calculate interest on drawings. If rate of drawing is 9% p.a.​

Answer 1

Answer:

I.O.D=20000✖9✖9/100✖5/12=6750

Explanation:

can u explain from where 5/12 came...how we calculate tgat

Answer 2

part B and part C are also done in same way

Explanation:

part B : average period= time interval (which is already given in question ie 9) /2

= 4.5

therefore interest on drawing = amount of drawing×rate÷100 ×average profit ÷12

=20000×9×9÷100×4.5÷12

=6075