If a fixed amount is withdrawn on the first day of every quarter, for what period the interest on total drawings will be calculated. (C.B.S.E. Sample Paper 2019)

If a fixed amount is withdrawn on the first day of every quarter, for what period the interest on total drawings will be calculated. (C.B.S.E. Sample Paper 2019)

Post category:Accountancy
Reading time:1 mins read

SOLUTION

7.5 months.

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