Question

X withdrew RS 1000 in the beginning of every month ,only for first four months after that he withdrew RS 3000 per month 5 th month onwards in the beginning of every month .Calculate interest on drawings @ 10% Books are closed on 31st march every year.

Answer 1

• Drawings are made in beginning of each month Interest = Amount x Rate/100 x 3.5/12

Answer 2

Explanation:

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