Question

mohan is a partner in the firm mohan bros.he withdraw rs 6000 ina year. interest is charged at9% p.a. calculate interest on drawings.

Answer 1

Total drawings = 6000

Now since time is not given interest will be charged for 6 months.

IOD = 6000*9/100*6/12

IOD = 270

Hence interest on drawings is Rs 270.

Answer 2

$\binom{p \times r \times t}{100}$
540