Question

Z is a partner in a firm. He withdrew regularly ₹ 2,000 every month for the six months ending 31st March, 2024. If interest on drawings is charged @ 8% p.a., the interest charged will be ______.

विकल्प

• ₹ 480

• ₹ 280

• ₹ 200

• ₹ 240

Answer 1

Z is a partner in a firm. He withdrew regularly ₹ 2,000 every month for the six months ending 31st March, 2024. If interest on drawings is charged @ 8% p.a., the interest charged will be ₹ 240.

Explanation:

Total drawings = 2,000 × 6

= ₹ 12,000

Average Period = `("Time left after first drawing" + "Time left after last drawing")/2`

= `(5.5 + 0.5)/2`

= `6/2`

= 3 months

Interest on drawings = `12,000 xx 8/100 xx 3/12`

= ₹ 240