Math, asked by rithikabaddi4445, 1 month ago

Ramesh and Rakesh are partners sharing profits and losses in the ratio of 3/2 . mesh drew regularly 800 on 1st of every month for 6 months ending 30th September 13. Calculate Interest on drawings of Ramesh at 8% per annum under Product Method.​

Answers

Answered by sureshchoudhar34
3

Step-by-step explanation:

PRODUCT METHOD

Dates Amount(A) No.of months up to 31st march.2108(B) Product

C= A*B

1/5/17 2000 11 22,000

1/8/17 5000 8 40,000

30/9/17 2000 6 12,000

31/1/18 6000 2 12,000

31/3/18 2000 0 0

Total 17000 86,000

Interest on Drawings= 86,000*15%*1/12 =1075

Simple Method

Date Amount No.of months up to 31st march,2018 Interest@15%

1/5/17 2000 11 275

(2000*15%*11/12)

1/8/17 5000 8 500

(5000*15%*8/12)

30/9/17 2000 6 150

(2000*15%*6/12)

31/1/18 6000 2 150

(6000*15%*2/12)

31/3/18 2000 0 0

Total 1075

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