What is the amount of Interest on drawings for Ram at 10% p.a. for the Year ended 31st March 2018, if he withdrew Rs 4,000 p.m.

None of the above

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Rs 1300

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Rs 1200

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Rs 1100

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C
Rs 1200

Interest = Rs 48,000 * $\frac{6}{12}$ * 10% = Rs 2,400

Suggest Corrections

Similar questions

What is the amount of Interest on drawings for Ram at 10% p.a. for the Year ended 31st March 2018, if he withdrew Rs 6000 in the middle of each quarter.

What is the amount of Interest on drawings for Ram at 10% p.a. for the Year ended 31st March 2018, if he withdrew Rs 2,000 p.m. in the beginning of every month.

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.

What is the amount of Interest on drawings for Ram at 10% p.a. for the Year ended 31st March 2018, if he withdrew Rs 2,000 p.m. in the end of every month.

What is the amount of Interest on drawings for Mr X at 10% p.a. for the Year ended 31st March 2018, if he withdrew Rs 3000 at the end of each quarter.

Join BYJU'S Learning Program

What is the amount of Interest on drawings for Ram at 10% p.a. for the Year ended 31st March 2018, if he withdrew Rs 4,000 p.m.

The correct option is C Rs 1200 Interest = Rs 48,000 * 612 * 10% = Rs 2,400

The correct option is C
Rs 1200

Interest = Rs 48,000 * $\frac{6}{12}$ * 10% = Rs 2,400