Question

) What time would be taken into consideration if equal monthly amount is drawn as drawings at the beginning

Of each months?​

Answer 1

Explanation:

If a fixed amount is withdrawn in the beginning of every month of the calendar year, the interest on the total amount of drawings will be calculated for 6.5 months.

Average period will be calculated as:-

= Months left after first drawing + months left after last drawing

------------------------------------------------------------------------------------------

2

= 12 + 1

-----------

2

= 6.5 months

Answer 2

Answer:

6.5 months is the answer..