Question

Q1. Gupta is a partner in a firm. He drew regularly Rs 800 at the beginning of every month for the six months ending 31st March,2018. Calculate interest on drawings at 15 % p.a . (4)

Answer 1

Given :-

Gupta is a partner in a firm. He drew regularly Rs 800 at the beginning of every month for the six months ending 31st March,2018.

To Find :-

Interest

Solution :-

Total drawing = 800 × 6

Total drawing = 4800

Now

Interest = 4800 × 3.5/12 × 15/100

Interest = 252000/1200

Interest = 2520/12

Interest = 210

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Answer 2

Explanation:

✨--------------------------✨

Gupta is a partner in a firm. He drew regularly Rs 800 at the beginning of every month for the six months ending 31st March,2018.

To Find :-

Interest

Answer:+

Total drawing = 800 × 6

Total drawing = 4800

Now,

➡️Interest = 4800 × 3.5/12 × 15/100

➡️Interest = 252000/1200

➡️Interest = 2520/12

➡️Interest = 210

hope this helps you ☺️