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Sunil a partner of food chain restaurant with rupees 10000 in the middle of every year for a period of 9 months what will be the amount of interest on drawing @5%p.a?
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Sunil a partner of food chain restaurant with rupees 10000 in the midd...
Calculation of Interest on Drawing for Sunil

Given:

  • Principal amount = Rs. 10,000

  • Time period = 9 months

  • Rate of interest = 5% p.a.


Calculation:

  • As the time period given is in months, we need to convert it into years:


    • 9 months = 9/12 years = 0.75 years


  • Using the formula for simple interest:


    • Simple interest = (P * R * T) / 100

    • Where P = Principal amount, R = Rate of interest, T = Time period


  • Substituting the given values, we get:


    • Simple interest = (10,000 * 5 * 0.75) / 100 = 375


  • Hence, the interest on drawing for Sunil will be Rs. 375.

Community Answer
Sunil a partner of food chain restaurant with rupees 10000 in the midd...
Accounts is same like Physics !! Class 10 ka maths bhi kaam nhi kr rha
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Sunil a partner of food chain restaurant with rupees 10000 in the middle of every year for a period of 9 months what will be the amount of interest on drawing @5%p.a?
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