partner x, withdraw RS. 3000 per month during 2019. interest on drawings is changed @ 9% per annum. find out interest, if drawings were made on the ist day of every month.
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3
Answer:
interest on drawing =
= amount* rate* average period
average period= time left after ist drawing + Time
left after last drawing/2
= 12+1/2
= 6.5 month
annual drawing = 3000*12= 36000
interest on drawing =
36000*9/100/*6.5/12
= 1755
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0
Answer:
please give me point..........
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