Accountancy, asked by thecuriousgagan, 8 months ago

Raman & Baban Are partner's in a firm raman withdraws rs 2,000 per month for his @ 10% per annum . Calculate the interest on Raman's Drawings , if the drawing is made -
( a ) in the beginning of the month
( b ) at the end of the month
( c ) in the middle of the month ​

Answers

Answered by sureshnegi20062006
6

ANSWER

Calculation of interest on drawings:

Number of drawings = 6

Amount of each drawing= 4000

Total drawings= 6*4000

= 24000

Number of months= [Time left after 1st drawing + Time left after last drawing]/2

= [6+1]/2

= 3.5 months

Hence,

Interest on drawings= 24000 * 5/100 * 3.5/12

= 350.

Hope it solve your doubt

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