Question

Usha and Mohak were partners in a firm. Usha withdrew a fixed amount at the end of every half year for the year ended 31st March, 2024. Interest on drawings is charged at 9% p.a. Interest on Usha's drawings will be charged for ______ months.

पर्याय

• 3

• 6

• 9

• 12

Answer 1

Usha and Mohak were partners in a firm. Usha withdrew a fixed amount at the end of every half year for the year ended 31st March, 2024. Interest on drawings is charged at 9% p.a. Interest on Usha's drawings will be charged for 3 months.

Explanation:

Since Usha withdrew a fixed amount at the end of every half-year (30th September and 31st March), the average period is:

`(6 + 0)/2 = 3` months

Hence, interest on drawings is charged for 3 months.