Question

Ram is a partner. He made drawing as follows:
july 1 Rs. 200
august 1 Rs. 200
September 1 Rs. 300
November 1 Rs. 50
February 1 Rs. 100

if the rate of interest on drawings id 6% and accounts are closed on march 31 the interest on drawings is?
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Answer 1

Answer:

i didn t understand Question

Answer 2

Answer:

29.50 (29.75)

Explanation:

Date Amt Calculation

1st july 200 200*6/100*9/12 = 9

1st August 200 200*6/100*8/12 = 8

1st September 300 300*6/100*7/12 =10.5

1st November 50 50*6/100*5/12 = 1.25

1st February 100 100*6/100*2/12 = 1

29.75

• or ( 9+8+10.5+1.25+0.50 = 29.50 )