Question

on
Calculate the interest on drawings of
Kamalakar, at 10%p.a for the year
ending 31/3/2018 by the short cut method
Cine therage period" method) if he withdrews
£ 1000 per
;) In the beginning of each month
ii) In the middle of each month
iii) at end of each month.​

Answer 1

Step-by-step explanation:

1. 12000*10/100*6.5/12=650
2. 12000*10/100*6/12=600
3. 12000*10/100*5.5/12=550