CALCUTE THE INTEREST ON DRAWINGS OF MR.ADITYA @8% P.A. FOR THE YEAR ENDED 31ST MARCH 2007,IN EACH OF THE
FOLLOWING ALTERNATIVE CASES:
CASE 1-IF WITHDREW RS 5,000 IN THE BEGINNING OF EACH QUARTER.
2-IF HE WITHDREW RS 6,000 AT THE END OF EACH QUATER.
3-IF HE WITHDREW RS 10,000 DURING THE MIDDLE OF EACH QUATER.
Case 1 When drawings are made in the Beginning of each quarter.
Total amount of Drawings = 5,000 × 4 = 20,000
Case 2 When drawings are made in the end of each quarter.
Total amount of Drawings = 6,000 × 4 = 24,000
Case 3 When drawings are made in the middle of each quarter.
Total amount of Drawings = 10,000 × 4 = 40,000
