Interest on drawings =Total drawings × (%/100) × (average period /12) Total drawings = 10,000 × 4 quarters = 40,000 Interest rate or % = 10% Average period = 7.5 Now, Interest on drawings = = 40,000 × 10/100 × 7.5/12 =2,500 answer...

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Avishi Gupta 6 years, 3 months ago

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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