it's very important question if u know plz give the answer
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Explanation:
interest on drawings = total drawing × rate of interest /100 × average period** / 12
Average period = ( months left after 1st drawing + months left after last drawing ) / 2
interest on drawings for X = 12000 × 12/100 × 6.5/ 12 [ average period = (12+1)/2 = 6.5 ]
interest on drawings for Y = 12000×12/100 × 5.5/12 [ average period = (11+0)/2
if you want to know how to find average period in detail then plz comment to let me know I will try my best to make you understand
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