Calculate the amount of Manan’s monthly drawings for the year ended 31st March 2023, in the following alternatives cases

Calculate the amount of Manan’s monthly drawings for the year ended 31st March 2023, in the following alternatives cases when the Partnership Deed allows interest on drawings @ 10% p.a.:

(i) If interest on drawings is ₹ 1,950 and he withdrew a fixed amount in the beginning of each month.

(ii) If interest on drawings is ₹ 2,400 and he withdrew a fixed amount in the middle of each month.

(iii) If interest on drawings is ₹ 2,750 and he withdrew a fixed amount at the end of each month.

[Ans: Amount of Drawings: (i) ₹ 3,000; (ii) ₹ 4,000; (iii) ₹ 5,000.]