A partner draws Rs. 10.000 per month under the pernership Deed interest on drwings is to be charged @ 15 % p.a Calculate interest if the if the drwawi

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A partner draws Rs. 10.000 per month under the pernership Deed interest on drwings is to be charged @ 15 % p.a Calculate interest if the if the drwawi

A partner draws Rs. 10.000 per month under the pernership Deed interest on drwings is to be charged @ 15 % p.a Calculate interest if the if the drwawing are made regulary :
(I) in the beginning of the month ,
(ii) in the middle of the month , or
(iii) at the end fothe month.

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Salim Ahmed Kawsar · Answer 1 · Feb 05, 2023 15:29:48

interest in the three situations will be :
(i) total Drawings in the =Rs. 1.20.00 Rate of interest = 15 % p,a
interest n drawings `=(rs. 1.20.000xx15)/(100)xx(6^(1/(2))/(12)=Rs.9.750.`
* Average period `=("12 months +1 month ")/(2) =6(1)/(2)"*")`= months
(ii) total Drawings in the year = Rs. 1.20.000 rate of interest =15%
interest on drawings `=(Rs.1.20.000xx15)/(1000xx(6*)/(12)=Rs. 9.000`
* avaeage period `=("10th months + 1/2 month")/(2)=6` months .
(iii) Total drawings in the year = Rs 1.20.000 Rate of interest = 15 % p,a
interest on Drawings `=(rs. 1.20.000xx15)/(100)xx(51//2)/(12)=Rs. 8.250.`
* Average period `=("11 months +0Months )/(2)=5^(1)/(2))` months
* Average period `=("Months Left after first Drawing + Months Left After LAst Dwawing ")/(2)`

A partner draws Rs. 10.000 per month under the pernership Deed interest on drwings is to be charged @ 15 % p.a Calculate interest if the if the drwawi

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