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Question

If the date of withdrawal is not given, then the interest on drawings is calculated for an average period of ___


A

5.5 months

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B

6.5 months

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C

6 months

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D

None of the above

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Solution

The correct option is C

6 months


If the date of withdrawal is not given, then the interest on drawings is calculated for an average period of 6 months.


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