0
0 Comments
Calculate the interest on drawings of Sh. Ganesh @ 9% p.a. for the year ended 31st March, 2024, in each of the following alternative cases: Case (i) If he withdrew ₹ 4,000 p.m. in the beginning of every month: Case (ii) If he withdrew ₹ 5,000 p.m. at the end of every month; Case (iii) If he withdrew ₹ 6,000 p.m; Case (iv) If he withdrew ₹ 72,000 during the year; Case (v) If he withdrew as follows:
Date
30th April, 2023 10,000
1st July, 2023 15,000
1st Oct, 2023 18,000
30th Nov, 2023 12,000
31st March, 2024 20,000
Case (vi) If he withdrew ₹ 12,000 in the beginning of each quarter; Case (vii) If he withdrew ₹ 18,000 at the end of each quarter; Case (viii) If he withdrew ₹ 18,000 during the middle of each quarter. [Ans. Case (i) ₹ 2,340; Case (ii) ₹ 2,475; Case (iii) ₹ 3,240; Case (iv) ₹ 3,240; Case (v) ₹ 3,008; Case (vi) ₹ 2,700; Case (vii) ₹ 2,430; Case (viii) ₹ 3,240.]
Anurag Pathak Answered question May 24, 2024
Add a Comment