Multiple Choice Questions on If a fixed amount is withdrawn by a partner in the middle of every month interest on the total amoun........... for Commerce 12th Preparation

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Multiple Choice Questions

If a fixed amount is withdrawn by a partner in the middle of every month interest on the total amoun...........

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    If a fixed amount is withdrawn by a partner in the middle of every month, interest on the total amount is charged for …………… months

    6

    Correct Answer

    6 1/2

    Incorrect Answer

    5 1/2

    Incorrect Answer

    12

    Incorrect Answer
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    Explanation:

    Question says amount withdrwan in middle of every month

    Average period = Time left after 1st Drawings + Time left after last drawings / 2 = 11.5 + 0.5 / 2 = 12/2 = 6 months

    By: santosh
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