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Calculate interest on drawings @12% if …

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Calculate interest on drawings @12% if withdrawn 40000 at the end of each half year

    • Posted by Manish Agarwall 6 years, 9 months ago

    CBSE > Class 12 > Accountancy
    • 5 answers

    Danish Salmani 6 years, 9 months ago

    40000*12/100*2.5/12

    0Thank You

    Shipra Tyagi 6 years, 9 months ago

    40000×12÷100×6÷12

    1Thank You

    Yogita Kandwal 6 years, 9 months ago

    Rate *total drawing *average period (12/100)*40000*{(6+0)/2}*(1/12)*2 =1200*2=2400

    3Thank You

    Manish Agarwall 6 years, 9 months ago

    Why three months is taken into account??

    0Thank You

    Rahul Yadav 6 years, 9 months ago

    40000×2×3÷12×12÷100

    1Thank You

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