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Calculate interest on drawings at the rate 10% per annum in the following case x withdraw rupees 1000 in the beginning of every month only for 4 months after he got married and his responsibilities was more now he decided to withdraw 3000 per month 5th month onwards in the beginning of every month.?
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Calculate interest on drawings at the rate 10% per annum in the follow...
Calculation of Interest on Drawings:
First 4 Months:
- For the first 4 months after getting married, x withdrew Rs. 1000 at the beginning of each month.
- The total amount withdrawn in the first 4 months = 4 * Rs. 1000 = Rs. 4000.
Interest Calculation for the First 4 Months:
- Using the formula for simple interest: Interest = Principal * Rate * Time
- Here, Principal = Rs. 4000, Rate = 10% per annum, Time = 4 months
- Calculating the interest for the first 4 months: Interest = 4000 * 10/100 * 4/12 = Rs. 133.33
From 5th Month Onwards:
- From the 5th month onwards, x decides to withdraw Rs. 3000 at the beginning of each month.
Interest Calculation for Subsequent Months:
- For the 5th month onwards, the monthly withdrawal amount is Rs. 3000.
- The interest for each subsequent month will be calculated using the formula mentioned earlier.
Total Interest Earned:
- The total interest earned will be the sum of the interest calculated for the first 4 months and the subsequent months.
Conclusion:
- By following the steps mentioned above, x can calculate the interest on his drawings at the rate of 10% per annum for the specified time period. This will help him understand the total interest earned on his withdrawals and plan his finances accordingly.
First 4 Months:
- For the first 4 months after getting married, x withdrew Rs. 1000 at the beginning of each month.
- The total amount withdrawn in the first 4 months = 4 * Rs. 1000 = Rs. 4000.
Interest Calculation for the First 4 Months:
- Using the formula for simple interest: Interest = Principal * Rate * Time
- Here, Principal = Rs. 4000, Rate = 10% per annum, Time = 4 months
- Calculating the interest for the first 4 months: Interest = 4000 * 10/100 * 4/12 = Rs. 133.33
From 5th Month Onwards:
- From the 5th month onwards, x decides to withdraw Rs. 3000 at the beginning of each month.
Interest Calculation for Subsequent Months:
- For the 5th month onwards, the monthly withdrawal amount is Rs. 3000.
- The interest for each subsequent month will be calculated using the formula mentioned earlier.
Total Interest Earned:
- The total interest earned will be the sum of the interest calculated for the first 4 months and the subsequent months.
Conclusion:
- By following the steps mentioned above, x can calculate the interest on his drawings at the rate of 10% per annum for the specified time period. This will help him understand the total interest earned on his withdrawals and plan his finances accordingly.
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Calculate interest on drawings at the rate 10% per annum in the following case x withdraw rupees 1000 in the beginning of every month only for 4 months after he got married and his responsibilities was more now he decided to withdraw 3000 per month 5th month onwards in the beginning of every month.?
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Calculate interest on drawings at the rate 10% per annum in the following case x withdraw rupees 1000 in the beginning of every month only for 4 months after he got married and his responsibilities was more now he decided to withdraw 3000 per month 5th month onwards in the beginning of every month.? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Calculate interest on drawings at the rate 10% per annum in the following case x withdraw rupees 1000 in the beginning of every month only for 4 months after he got married and his responsibilities was more now he decided to withdraw 3000 per month 5th month onwards in the beginning of every month.? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Calculate interest on drawings at the rate 10% per annum in the following case x withdraw rupees 1000 in the beginning of every month only for 4 months after he got married and his responsibilities was more now he decided to withdraw 3000 per month 5th month onwards in the beginning of every month.?.
Calculate interest on drawings at the rate 10% per annum in the following case x withdraw rupees 1000 in the beginning of every month only for 4 months after he got married and his responsibilities was more now he decided to withdraw 3000 per month 5th month onwards in the beginning of every month.? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Calculate interest on drawings at the rate 10% per annum in the following case x withdraw rupees 1000 in the beginning of every month only for 4 months after he got married and his responsibilities was more now he decided to withdraw 3000 per month 5th month onwards in the beginning of every month.? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Calculate interest on drawings at the rate 10% per annum in the following case x withdraw rupees 1000 in the beginning of every month only for 4 months after he got married and his responsibilities was more now he decided to withdraw 3000 per month 5th month onwards in the beginning of every month.?.
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