1.

Mr.ashok Gupta is a partner in a firm.he withdrew the following amounts during the year ended 31 st march 2018. Rs April 30. 8,000 June 30 6,000 Sept 30. 5,000 Dec 31. 12,000 Jan.31. 10,000 Calculate interest on drawing @9%p.a for the year ended on 31st march,2018.

Answer» ONG>Answer:

660+262.5+450+360+225=1957.5

Explanation:

  1. April 30 : 8000*0.09*11/12 =660
  2. June 30 :5000*0.09*10/12 = 450
  3. sept 30 : 6000*0.09*7/12 =262.5
  4. Dec 31 : 12000*0.09*4/12 =360
  5. Jan 31 : 10000*0.09*3/12 =225


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