Update

Muft Shiksha™ एक 100% Free Education Portal है 🇮🇳, जिसका उद्देश्य Class 9–12 के हर विद्यार्थी तक High-Quality Education को पूरी तरह मुफ्त पहुँचाना है। 🇮🇳 हम मानते हैं कि अच्छी शिक्षा किसी student की आर्थिक स्थिति पर निर्भर नहीं होनी चाहिए। 🇮🇳 हर विद्यार्थी को वही Quality Study Material, MCQs, Quizzes, Exam Preparation, Concept-Based Learning और Bilingual Support मिलना चाहिए, जो आमतौर पर महंगी Coaching या Premium Platforms में मिलता है। Muft Shiksha™ 🇮🇳 इसी सोच के साथ बनाया गया है

Subjects
0 reads0 ratings0 helpful

A partner withdrew total (₹36000) equally at the end of each quarter during the year. Rate is (10%). What is the interest?

Answer and explanation

Correct answer: (₹1350)

Direct answer: Option A, ₹1,350. Total annual drawings are ₹36,000, made equally in four instalments, so each quarter-end withdrawal is ₹36,000/4=₹9,000. At the ends of the first, second, third, and fourth quarters, the money remains withdrawn for 9, 6, 3, and 0 months respectively. Total product of amounts and time is ₹9,000(9+6+3+0)=₹1,62,000 month-rupees. Interest is 10% per year, so ₹1,62,000×10%/12=₹1,350. Equivalently, average period is 18/4=4.5 months and ₹36,000×10%×4.5/12=₹1,350. Option A is correct. Option B uses six months as the average, option C uses a longer period, and option D uses a shorter period. The final withdrawal has zero time, a common mistake. Memory cue: for equal quarter-end drawings, average period is 4.5 months.

Related tags

PartnershipAdjustmentsQuarterly Drawings

Was this question useful?

No ratings yetWrite a review / Rate this question

Student Reviews

No published reviews yet.

Add Muft Shiksha to your Home Screen

In Safari, tap Share, then Add to Home Screen.