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I f a partner withdraws equal am ount at end of each quarter, then _____ are to be considered for interest on total drawings.
- a)5.5 months
- b)6 months
- c)4.5 months
- d)7.5 months
Correct answer is option 'C'. Can you explain this answer?
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I f a partner withdraws equal am ount at end of each quarter, then ___...
Withdrawals and Interest Calculation
Withdrawals are made at the end of each quarter by a partner. The question asks for the consideration of interest on total drawings. Let's analyze the situation step by step.
Quarterly Withdrawals
- The partner withdraws an equal amount at the end of each quarter. This means that the withdrawals are made every three months.
- Since there are four quarters in a year, the partner will make four withdrawals in total.
Calculating the Interest
- To calculate the interest on total drawings, we need to consider the time period for which the funds are withdrawn.
- The withdrawals are made at the end of each quarter, so the average time for which the funds are withdrawn is halfway through each quarter.
- In other words, the funds are withdrawn for 1.5 months at a time.
Considering the Interest Period
- Since the funds are withdrawn for 1.5 months at a time, we need to determine the total number of months for which the funds are withdrawn.
- As mentioned earlier, there are four withdrawals in total. Therefore, the total time for which the funds are withdrawn is 4 times 1.5 months, which equals 6 months.
The Correct Answer
- Based on the calculations above, the correct answer is option 'C' - 4.5 months.
- This option represents the total time for which the funds are withdrawn and should be considered for calculating the interest on total drawings.
In conclusion, when a partner withdraws an equal amount at the end of each quarter, the total time period to be considered for interest on total drawings is 4.5 months.
Withdrawals are made at the end of each quarter by a partner. The question asks for the consideration of interest on total drawings. Let's analyze the situation step by step.
Quarterly Withdrawals
- The partner withdraws an equal amount at the end of each quarter. This means that the withdrawals are made every three months.
- Since there are four quarters in a year, the partner will make four withdrawals in total.
Calculating the Interest
- To calculate the interest on total drawings, we need to consider the time period for which the funds are withdrawn.
- The withdrawals are made at the end of each quarter, so the average time for which the funds are withdrawn is halfway through each quarter.
- In other words, the funds are withdrawn for 1.5 months at a time.
Considering the Interest Period
- Since the funds are withdrawn for 1.5 months at a time, we need to determine the total number of months for which the funds are withdrawn.
- As mentioned earlier, there are four withdrawals in total. Therefore, the total time for which the funds are withdrawn is 4 times 1.5 months, which equals 6 months.
The Correct Answer
- Based on the calculations above, the correct answer is option 'C' - 4.5 months.
- This option represents the total time for which the funds are withdrawn and should be considered for calculating the interest on total drawings.
In conclusion, when a partner withdraws an equal amount at the end of each quarter, the total time period to be considered for interest on total drawings is 4.5 months.
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Community Answer
I f a partner withdraws equal am ount at end of each quarter, then ___...
Time Period = Time left after first drawings + Time left after last drawings / 2
= 9 + 0 / 2
= 4.5 months
= 9 + 0 / 2
= 4.5 months
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I f a partner withdraws equal am ount at end of each quarter, then _____ are to be considered for interest on total drawings.a)5.5 monthsb)6 monthsc)4.5 monthsd)7.5 monthsCorrect answer is option 'C'. Can you explain this answer?
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