If Amit, a partner, withdrew ₹10,000 per month in the end, what will be the amount of interest on the drawing if it is calculated @ 8% p.a.?

₹4,400

The correct answer is option 4- ₹4,400.

When the amount is withdrawn at the end of each month
Average Period = (No. of months of 1 drawings + No. of months of last drawings)/2
                         = (11+0)/ 2
                         = 5.5 months

Total drawings = 10,000 X 12
                        = ₹1,20,000

Interest on drawings = 1,20,000 X 8/100 X 5.5/12
                                  = ₹4,400