# A and B are partners B draws a fixed amount at the beginning of every month. IOD is charged @10% P.a. At the end of the year interest on B's drawings amounts to Rs. 3250. calculate B's Drawing

Formula for interest on drawings when fixed amount is withdrawn at the beginning of every month = $Amountdrawn\times \frac{6.5}{12}\times \frac{RateofInterestonDrawing}{100}$

so $3,250=Amountdrawn\times \frac{6.5}{12}\times \frac{10}{100}$

This gives amount of drawing as

**Rs 60,000**

Regards,

Regards,

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