If A draws ? 15000 every month at the end of the month what will be the interest @ 5 percent p.a?

Dear student,
Calculation of interest when drawings are made at the end of the month:
Interest = Drawings x rate of interest x 5.5/12
15000 x 12 = 180000
180000 x 5/100 x 5.5/12 = 4125 = Interest.

​​​​​​​Regards,
 

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