Question

(Q) Rahul, a partner withdrew 8,000 at the beginning of every month for the first 8 months i.e from April to November. Interest on Drawings was to be charged @ 6% p.a for the year ending March 31, 2021. Interest on drawings to be charged from Rahul will be :

(a) 3120
(b) 4080
(c) 2080
(d) 2720​

pls answer fast!!

Answer 1

Answer:

2560

Explanation:

a partner withdrew cash every month : 8000

he withdrew money for 8 months : 8000*8= 64000

Rate of Interest : 6% p.a.(12 months)

Interest on drawing = 64,000*6/100*8/12=2560

Answer 2

"2640"

Explanation:

Rahul withdraw for 8 months = 8000 x 8 = 64000

Interest on Drawings =

                        64000 x 6/100 x 5.5/8 = 2640  

*Note = Rahul withdrew for 8 months only not 12 months, otherwise it

             will be 5.5/12