When equal amounts are withdrawn at the end of each quarter, the average period is:
Average period=2Time after first drawing+Time after last drawing=29+0=421 months.
Hence interest on drawings is calculated for 4 1/2 months.
When the fixed amount is withdrawn at the end of each quarter, interest on drawing will be calculated for _______
Held on 15 Jul 2022 · Verified 13 Jul 2026.
7 1/2 months
4 1/2 months
6 months
6 1/2 months
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