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Calculate interest in drawing of purohit @10%p.a. If he withdraw rs.48000 in year evenly .?
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Calculate interest in drawing of purohit @10%p.a. If he withdraw rs.48...
Calculation of Interest on Drawing of Purohit
Given:
Calculation:
Formula:
Putting the values in the formula:
Final Answer:
Given:
- Rate of interest = 10% p.a
- Amount withdrawn = Rs. 48,000 in a year
Calculation:
- As per the given information, Purohit has withdrawn Rs. 48,000 in a year evenly
- Therefore, he has withdrawn Rs. 4,000 every month
- Now, we need to calculate the interest on this amount
- Interest is calculated on the principal amount and for a year
- Therefore, the principal amount is Rs. 48,000 and the time period is 1 year
- Rate of interest is 10% p.a
- Now, we can use the formula to calculate the interest
Formula:
- Simple Interest = (P * R * T) / 100
- Where,
- P = Principal Amount
- R = Rate of Interest
- T = Time Period
Putting the values in the formula:
- Simple Interest = (48,000 * 10 * 1) / 100
- Simple Interest = 4,800
Final Answer:
- Therefore, the interest on the drawing of Purohit @10% p.a. is Rs. 4,800
Community Answer
Calculate interest in drawing of purohit @10%p.a. If he withdraw rs.48...
48,000×12%×12÷12=5,760
My answer is correct or not
My answer is correct or not
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Calculate interest in drawing of purohit @10%p.a. If he withdraw rs.48000 in year evenly .?
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Calculate interest in drawing of purohit @10%p.a. If he withdraw rs.48000 in year evenly .? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Calculate interest in drawing of purohit @10%p.a. If he withdraw rs.48000 in year evenly .? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Calculate interest in drawing of purohit @10%p.a. If he withdraw rs.48000 in year evenly .?.
Calculate interest in drawing of purohit @10%p.a. If he withdraw rs.48000 in year evenly .? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Calculate interest in drawing of purohit @10%p.a. If he withdraw rs.48000 in year evenly .? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Calculate interest in drawing of purohit @10%p.a. If he withdraw rs.48000 in year evenly .?.
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