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प्रश्न
Calculate interest on A's drawings:
- If he has withdrawn ₹ 60,000 on 1st October, 2022 and rate of interest on drawings is 8% per annum.
- If he has withdrawn ₹ 60,000 on 1st October, 2022 and rate of interest on drawings is 8%.
Books are closed on 31st March, 2023.
संख्यात्मक
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उत्तर
(i) Rate of Interest is 8% per annum
Interest on Drawings = `"Amount" xx "Rate"/100 xx "Months"/12`
Interest on Drawings = `60,000 xx 8/100 xx 6/12 = 2,400`
(ii) Rate of Interest is 8%
Interest on Drawings = `"Amount" xx "Rate"/100`
Interest on Drawings = `60,000 xx 8/100 = 4,800`
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