is the amount of interest on drawings for S, if he withdrew Rs.6,000 at the end of each quarter & interest is charged at 10% p.a.

Rs. 1,200

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Rs. 700

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Rs. 900

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Rs 1,500

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Solution

The correct option is C Rs. 900
Interest on drawings
= Rs. 6,000 4 (Time left after the first drawing + Time left after the last drawing, the whole divided by 2) * 10%
= Rs. 6,000 4 ( $\frac{3 / 4 + 0}{2}$ )* 10%
= Rs. 900

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is the amount of interest on drawings for S, if he withdrew Rs.6,000 at the end of each quarter & interest is charged at 10% p.a.

The correct option is C Rs. 900 Interest on drawings = Rs. 6,000 *4 * (Time left after the first drawing + Time left after the last drawing, the whole divided by 2) * 10% = Rs. 6,000 *4 * ( 3/4+02 )* 10% = Rs. 900

The correct option is C Rs. 900
Interest on drawings
= Rs. 6,000 4 (Time left after the first drawing + Time left after the last drawing, the whole divided by 2) * 10%
= Rs. 6,000 4 ( $\frac{3 / 4 + 0}{2}$ )* 10%
= Rs. 900