Calculate the interest on drawings of …
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Calculate the interest on drawings of X @ 10% p.a. for the year ended 31st March, 2018 in each of the following cases:-
If his drawings during the year were Rs. 12,000
If he withdrew Rs. 1,000 p.m. at the beginning of every month.
If he withdrew Rs. 1,000 p.m. at the end of every month.
If he withdrew Rs. 1,000 p.m. In the middle of each month.
In he withdrew the following amounts; April 30th Rs. 3,000, June 30th Rs. 2,000, October 1st Rs. 4,000 , December 31st Rs. 1,500, February 1st 2,500
If he withdrew Rs. 3,000 at the beginning of each quarter
If he withdrew Rs. 3,000 at the end of each quarter.
If he withdrew Rs. 3,000 during the middle of each quarter.
Posted by Devika Saxena 1 year, 6 months ago
- 1 answers
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Devika Saxena 1 year, 6 months ago
5Thank You