pls solve it yar....
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swarnalidas02:
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Answered by
1
hloo frnd and your answer is as follows....
we can use a product method to find the interest on drawings:
date - amount - period - product
12-13
1 may - 12000 - 11 - 132000
31 july - 6000 - 8 - 48000
30 sept - 9000 - 6 -54000
30 nov. - 12000- 4 - 48000
1 jan. - 8000 - 3 - 24000
31 mar. - 7000 - 0 - 0
total product: 306000
interest on drawings
= 306000 × 9/100 × 1/12
= rs. 2295
hope it helps u.....
we can use a product method to find the interest on drawings:
date - amount - period - product
12-13
1 may - 12000 - 11 - 132000
31 july - 6000 - 8 - 48000
30 sept - 9000 - 6 -54000
30 nov. - 12000- 4 - 48000
1 jan. - 8000 - 3 - 24000
31 mar. - 7000 - 0 - 0
total product: 306000
interest on drawings
= 306000 × 9/100 × 1/12
= rs. 2295
hope it helps u.....
Answered by
3
hopefully it will help you a lot...
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