Question

mr. shankar withdrew ₹2000 per month at the beginning of every month intrest calcuated at 10% pre annum calculate intrest on drawing of the year 2019​

Answer 1

Answer:

two way to calculate

first on amount given = 2000×10/100×6.5 = 1300

second on principal amount = 2000×12 = 24,000

interest = 24,000×10/100×6.5/12 = 1300

Answer 2

Answer:

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Note: When equal amount of drawings is withdrawn at the beginning of each quarter, interest is calculated for a period of 7.5 months.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Note: When equal amount of drawings is withdrawn at the end of each quarter, interest is calculated for a period of 4.5 months.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Note: When equal amount of drawings is withdrawn during the middle of each quarter, interest is calculated for a period of 6 months.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

Explanation: