For equal drawings at the end of each quarter, the average period = 4.5 months. Let drawing per quarter = x, total = 4x. Interest = 4x * 8/100 * 4.5/12 = 0.12x. So 0.12x = 3,000, giving x = 25,000.
Interest on drawings of a partner has been calculated Rs. 3,000 @ 8% p.a. who has drawn equal amount in each quater; commencing from end of the first quarter throughout the year. The amount of drawing of partner per quarter would be :
Held on 20 Jul 2022 · Verified 13 Jul 2026.
Rs. 25,000
Rs. 1,00,000
Rs. 60,000
Rs. 15,000
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