CUET Preparation Today
Aashish withdrew Rs. 10,000 per month from the firm for his personal use during the year ending March 31, 2017. Calculate the interest on drawings, which is charged @8% p.a., when the amount is withdrawn at the beginning of each month- |
Rs. 5,400 Rs. 5,200 Rs. 4,400 Rs. 4,800 |
Rs. 5,200 |
The correct answer is Option (2) → Rs. 5,200 |
