Question

If an equal amount is withdrawn by a partner in the beginning of each month during a period of 6 months ending 31st March, 2024, interest on the total amount will be charged for ______ months.

पर्याय

• 2.5

• 3

• 3.5

• 6

Answer 1

If an equal amount is withdrawn by a partner in the beginning of each month during a period of 6 months ending 31st March, 2024, interest on the total amount will be charged for 3.5 months.

Explanation:

When equal amounts are withdrawn at the beginning of each month for 6 months, the periods for which the amounts remain in the business are 6, 5, 4, 3, 2 and 1 months.

Average period = `(6  +  5  +  4  +  3  +  2  +  1)/6`

= `21/6`

= 3.5 months