Multiple Choice Questions on If a fixed amount is withdrawn by a partner in each quarter interest on the total amount is charged ........... for Commerce 12th Preparation

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Multiple Choice Questions

If a fixed amount is withdrawn by a partner in each quarter interest on the total amount is charged ...........

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    If a fixed amount is withdrawn by a partner in each quarter, interest on the total amount is charged for ……………….. months

    3

    Incorrect Answer

    6

    Correct Answer

    4.5

    Incorrect Answer

    7.5

    Incorrect Answer
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    Explanation:

    Question says amount withdrwan in each quater which means ( middle of every quater)

    Average period = Time left after 1st Drawings + Time left after last drawings / 2 = 10.5 + 1.5 / 2 = 12/2 = 6 months

    By: santosh
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