Question

ram withdrew a fixed amount at the beginning of each quater.if the interest on drawing 6000@10%p.a his quarterly drawing was

Answer 1

Answer:

6000×10/100×7.5/12=375

Explanation:

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Answer 2

Explanation:

At the beginning of each quarter :

Amount of drawings = 4 ×₹ 6,000 = ₹ 24,000

average period = 7.5 (12+3/2 = 7.5)

Interest of his drawing during 2019-20 @ 10% p.a.

Interest on drawing = annual drawing × rate × average period /12

= 24,000×(10/100)×(7.5/12)

= 1,500

Interest on drawing = ₹ 1,500

Therefore, Amount of drawings =₹ 24,000

Interest on drawing = ₹ 1,500