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Question
When a partner withdraws regularly a fixed sum of money at the middle of every month, the period for which interest is to be calculated on the drawings on an average is ___________.
Options
5.5 months
6 months
12 months
6.5 months
MCQ
Fill in the Blanks
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Solution
When a partner withdraws regularly a fixed sum of money at the middle of every month, the period for which interest is to be calculated on the drawings on an average is 6 months.
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