Plz give me the answer. Solve this in average period method.
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Answered by
1
Answer:
Rs.1950/-
Explanation:
2500 ×12/100=300 per annum
for 1 month=300/12=25
25×12=300
25×11=275
300+275+250+225+200+175+150+125+100+75+50+25=
1950
Answered by
2
Answer:
Interest on drawing = Rs 1,650.
Explanation:
• Himanshu withdrews Rs. 2,500 at the end of each month.
annual drawing = 12 × 2,500 = 30,000
annual drawing = 30,000
average period = 5.5
Rate = ,12%
Interest on drawing = annual drawing × rate × average period /12
= 30,000 × (12/100) × (5.5/12)
= 1,650
Interest on drawing = Rs 1,650
Hence, Interest on drawing = Rs 1,650.
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