If the equal amount is withdrawn at the beginning of each month for personal use, the period for which interest will be charged will be
If the equal amount is withdrawn at the beginning of each month for personal use, the period for which interest will be charged will be
a) 7 Months
b) 6 Months
c) 5 Months
d) 6.5 Months
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Ans – d)
Explanation:-
Average Month = 12 + 1/2 = 6.5 Months
Anurag Pathak Changed status to publish April 4, 2023