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| What is the average period for which interest is calculated, if a partner drawing is for a period of 6 months only starting from 1st Oct,2019 and accounts closed on 31st March,2020 and partner withdrew amount in the beginning of each month for the 6 months? |
3.5 months 2.5 months 3 months 2 months |
| 3.5 months |
| Average period = (Months left after 1st drawing+ Month left after last drawing) /2 which is (6+1)/2 = 3.5 months |
