When drawings are made at the end of each month, average period = 5.5 months. Total Drawings = 10,000 x 12 = 1,20,000. Interest = 1,20,000 x 8% x 5.5/12 = Rs. 4,400.
If Amit, a partner, withdrew Rs. 10,000 per month in the end, what will be the amount of interest on drawing if it is calculated @ 8 % p.a.?
Held on 20 Aug 2022 · Verified 13 Jul 2026.
Rs. 9,600
Rs. 4,800
Rs. 5,200
Rs. 4,400
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