Calculate the interest on drawings of Mr. Arun @10+ p.a. for the year ended 31st March, 2017 in each of the following alternative cases
Case (a) If he withdrew 5,000 p.m. in the beginning of every month;
Case (b) If he withdrew $5,000 p.m. at the end of every month;
Case (c) If he withdrew 5,000 p.m. during the year;
 Case (d) If he withdrew 360,000 during the year;
Case (e) If he withdrew as follows 1st June, 2016 31st August, 2016 31st Oct., 2016 1st Feb., 2017 20,000 10,000 18,000 12,000
Case (7) If he withdrew 315,000 in the beginning of each quarter;
Case (g) If he withdrew 15,000 at the end of each quarter;
Case (h) If he withdrew *15,000 during the middle of each quarter,​

Dear Student,

The Answer given by Harsh Jain is absolutely correct.



There is also another way to solve Case (e)

Regards.


 

  • 9
Hope u will under stand

  • 2
Please find this answer

  • 6
What are you looking for?