Question

X owes Y ₹1200 on 1/1/12. From Jan to March, the following further transactions took place between X and Y.
20/1 X buys goods ₹1500.
12/1 X receives cash loan ₹1000.
27/3 X buys goods ₹500.
X pays the whole amount on 31/3/12 together with interest at 8% per annum Calculate the interest by the A.A.D Method​

Answer 1

Answer:

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