Question

Pahini and Paneri are partners in a firm. Pahini withdraws Rs. 800 from the firm on

the first day of every month, while Paneri withdraws Rs. 800 on the last day of every

month. Find out difference In the Interest at 12% on the drawings of both.​

Answer 1

Answer:

Pahini

interest on drawing

annual drawing

800*12=9600

Interest on drawing =9600*6.5/12*12/100= 624

Paneri

interest on drawing = 9600*5.5/12*12/100=528

Difference between the interest of both partners

624-528=96

Answer 2

Explanation:

Annual drawing= Rs. 800 ×12

= 9,600

Formula used :

Interest on drawing = annual drawing × interest rate × average period/12

• Pahini withdraws the first day of every month,

Average period = 6.5

= 9,600 × 12/100 × 6.5/12

= 624

Interest on drawing = Rs. 624

• Paneri withdraws on the last day of every

month

Average period = 5.5

= 9,600 × 12/100 × 5.5/12

= 528

Interest on drawing = Rs. 528

Difference In the Interest =

• (Pahini) Interest on drawing = Rs. 624

• (Paneri) Interest on drawing = Rs. 528

= 624 - 528

= 96

Difference In the Interest = 96

Hence, difference In the Interest between the drawings of both = 96