Gupta is a partner in a firm. He drew regularly Rs., 800 at the beginning of every month forthe six months ending 30thJune 2013. Calculate interest on drawings at 15%p.a... pl provide answer soon

Dear Student,
Drawings for 6 months = 6×800 = 4,800
Average period for drawings = time interval after first drawing + time interval after last drawing2=6+12=3.5
Therefore interest on Drawings = 4,800×3.512×15100=210
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800*6 =48004800*3.5/12*15/100 = 210interest on drawings = Rs.210

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390

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