Based on following answer the question:
Chirag and Jyoti are two partners in a firm sharing profits and losses equally. Chirag withdrew money for his
personal use. As per partnership deed rate of interest on drawings is 9% per annum.
If he withdrew Rs.4000 per month at the beginning of every month then Average period for interest charged on Drawing will be :
This question was previously asked in
Shift 12/06/2023 12:00 PM - 2:00 PM
A
6.5 months
B
6 months
C
5.5 months
D
4.5 months
Correct Answer
6.5 months
Detailed Explanation
months left after 1st drawing + last drawing / 2
12+ 1/ 2
6.5 months
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