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Dev withdrew ₹10,000 on 15th day …

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Dev withdrew ₹10,000 on 15th day of every month. Interest on drawings was to be charged @12% per annum. Calculate interest on Dev's drawings.

Posted by Pragati Samantaray 5 years, 2 months ago

CBSE > Class 12 > Accountancy

4 answers

Priyanka Verma 5 years, 2 months ago

120000 ×6/12×12/100 = 7200

Himanshi Kumari 5 years, 2 months ago

To solve the problem u should do like this: First calculate total drawings : 10,000×12 =1,20,000 Then in the question we have given 15th day of evry mnth means drwngs at middle of the mnth so the required rate is 6/12 Then we have given the rate of charge on drwngs 12% Now, 1,20,000 ×12/100×6/12 = 7,200 ...

Khushi Varshney 5 years, 2 months ago

1/2 bhi hoga 3600 ans

Ruchika Kumar 5 years, 2 months ago

7200 answer 1,20,000×12÷100=14,400×6÷ 12=7200 answer

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