The average period method is applicable only when the drawings are of equal amount (A) made at regular or fixed intervals (B), and of course a rate of interest (E) is needed. Varying amounts or irregular intervals require the product method instead.
Select the conditions required for computing interest on drawings using average period method:
A. Equal amount of drawings
B. Fixed interval of drawings
C. Varying amounts of drawings
D. Different interval of drawings
E. Rate of Interest
Choose the correct answer from the options given below:
Held on 20 Jun 2023 · Verified 13 Jul 2026.
A, D and E only
A, C and B only
A, C and D only
A, B and E only
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