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Question
If fixed amount is withdrawn on the last day of every month and interest on drawings charged @ 10% p.a. amounts to ₹ 2,750, the drawings amount will be ₹ ______ per month.
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Solution
If fixed amount is withdrawn on the last day of every month and interest on drawings charged @ 10% p.a. amounts to ₹ 2,750, the drawings amount will be ₹ 5,000 per month.
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