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Mahesh and Suresh are the partner in a firm they shares profit equally .their monthly drawing are 2000each .interest on drawing is to be charged at 10p.a calculate interest on mahesh's drawing 31th 2006 assuming the money is withdrawn
(a) in the beginning of every month .
(b) in the middle of every month
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Answer:
a). 24000×10/100×6.5/12==1300
b). 24000×10/100×6/12==1200
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