1.

P, Q and R are partners in a firm. You find that : (i) P drew Rs 6,000 in the beginning of every month for 6 months ending 30th September, 2016. (ii) Q drew Rs 6,000 at the end of every month for 6 months ending 30th September, 2016. (iii) R drew Rs 6,000 in the middle of every month for 6 months ending 30th September, 2016. Calculate interest on drawings at 8% p.a.

Answer»

P, Q and R are partners in a firm. You find that :

(i) P drew Rs 6,000 in the beginning of every month for 6 months ending 30th September, 2016.

(ii) Q drew Rs 6,000 at the end of every month for 6 months ending 30th September, 2016.

(iii) R drew Rs 6,000 in the middle of every month for 6 months ending 30th September, 2016.

Calculate interest on drawings at 8% p.a.



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