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One of the partner in a …

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One of the partner in a partnership firm has withdraw ₹9000 at the end of each of quarter, throughout the year. Calculate interest on drawing at the rate of 6% per annum

Posted by Kaviya Kaviya 7 years ago

CBSE > Class 12 > Accountancy

7 answers

Mayank Garg 7 years ago

The answer is 810 because 9000*4*6÷100*4.5÷12 = 810. For explanation contact me on Instagram @mgarg3230

Soumyajeet Pal 7 years ago

9000*4*9/24*6/100=810 Where ( There are 4 quaters and 9000 is being withdrawn through out the year, therefore 9000*4) Drawing made of equal amount made at the end of the quater is 4*1/2 that is 9/2 months. There are 12 months therefore 9/2*12 = 9/24. Rate of interest is 9% therefore 9/100. Here it goes !! 9000*4*9/24*9/100=810 (Ans)

Kaviya Kaviya 7 years ago

It's wrong Priya Yadav crt ans. Is 810

Priya Yadav 7 years ago

The interest of drawing will be calculated on the quarter basis as per it is given in the question so that the interest on drawing will be 420, ( 9000 ×4 /12 ×6 /100 =180)

Priya Yadav 7 years ago

The interest of drawing will be calculated on the quarter basis as per it is given in the question, 9000×4/12×6/100= 720 , 9000×4/12×6/100=720 , 9000 ×4/12 ×6/100 =720. Interest on drawing for the year ending will be 2160

Kaviya Kaviya 7 years ago

How???

Nimesh Wadhwani 7 years ago

810

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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