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Radha and rekha are partners in a firm .Calculate interest on drawings @12%p.a .When radha withdrew Rs.5000 at the beginning of every alternate month and rekha withdrew Rs.5000 at the end of each quater?
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Radha and rekha are partners in a firm .Calculate interest on drawings...
End of each quarter=900beginning of every alternate month=2100 please tell me it's right or not
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Radha and rekha are partners in a firm .Calculate interest on drawings...
Calculation of Interest on Drawings by Radha and Rekha


Given Information:


  • Partners: Radha and Rekha

  • Interest Rate: 12% p.a.

  • Radha's Drawings: Rs. 5000 at the beginning of every alternate month

  • Rekha's Drawings: Rs. 5000 at the end of each quarter



Calculation of Interest on Radha's Drawings:


  • Radha withdraws Rs. 5000 at the beginning of every alternate month.

  • Therefore, Radha's total annual withdrawal = Rs. 5000 x 6 = Rs. 30,000

  • Calculate the average balance of Radha's drawings = Rs. 30,000 / 2 = Rs. 15,000

  • Interest on Radha's drawings = Rs. 15,000 x 12% = Rs. 1,800 per annum



Calculation of Interest on Rekha's Drawings:


  • Rekha withdraws Rs. 5000 at the end of each quarter.

  • Therefore, Rekha's total annual withdrawal = Rs. 5000 x 4 = Rs. 20,000

  • Calculate the average balance of Rekha's drawings = Rs. 10,000 (assuming that the withdrawal is made at the end of each quarter)

  • Interest on Rekha's drawings = Rs. 10,000 x 12% = Rs. 1,200 per annum



Total Interest on Drawings:


  • Total Interest on Drawings = Interest on Radha's Drawings + Interest on Rekha's Drawings

  • Total Interest on Drawings = Rs. 1,800 + Rs. 1,200 = Rs. 3,000 per annum



Conclusion:


  • The total interest on drawings by Radha and Rekha is Rs. 3,000 per annum.

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Radha and rekha are partners in a firm .Calculate interest on drawings @12%p.a .When radha withdrew Rs.5000 at the beginning of every alternate month and rekha withdrew Rs.5000 at the end of each quater?
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