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Calculate interest on drawing of Peehu if the withdrew Rs.48000 in year withdrawn evenly i. at beginning of each Quarter ii. in the middle of each Quarter iii. at end of each Quarter Interest on drawing is charged @ 10% p.a. |
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Answer» The answer will be... (i) 2260(iii) 2200Explanation:(I) TOTAL annual AMT. = 48000 ÷ 12 = 4000 •°• Int. on drawings (I) = PRN/100 = 4000 × 10/100 × 78/12 = 2,600(iii) Total annual amt. = 48000 ÷ 12 = 4000 •°• Int. on drawings (I) = PRN/100 = 4000 × 10/100 × 66/12 = 2,200Hope! Uh LIKE this answer... Hope! Uh like this answer... And sorry! I don't have an idea about second one.THANK YOU ! |
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