CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon


Question

What is the amount of Interest on drawings for Ram at 10% p.a. for the year ended 31st March, if he withdrew Rs 6,000 at the beginning of each quarter.


  1. None of the above

  2. Rs 900

  3. Rs 1500

  4. Rs 1200


Solution

The correct option is C

Rs 1500


Interest = Rs 24,000 * 7.512 * 10% = Rs 1,500

flag
 Suggest corrections
thumbs-up
 
0 Upvotes


Similar questions
QuestionImage
QuestionImage
View More...


People also searched for
QuestionImage
QuestionImage
View More...



footer-image