Multiple Choice Questions on If equal amount is withdrawn by a partner in the end of each month during a period of 6 months inter........... for Commerce 12th Preparation

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Multiple Choice Questions

If equal amount is withdrawn by a partner in the end of each month during a period of 6 months inter...........

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    If equal amount is withdrawn by a partner in the end of each month during a period of 6 months, interest on the total amount will be charged for ………………… months

    2.5

    Correct Answer

    3

    Incorrect Answer

    3.5

    Incorrect Answer

    6

    Incorrect Answer
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    Explanation:

    Average period = months left after 1st drawings + months left after last drawings/2 = 5 + 0/2 = 2.5 months

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