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Commerce · Q633

Accounting

Graduate and Post Graduate · Commerce · question 633

Q633

Calculate the interest on drawings assuming the rate @ 10% p.a for the year ended 31st December 2016, for the withdrawals of Rs. 2000 made at the beginning of each month

A.
Rs. 1,100
B.
Rs. 1,200
C.
Rs. 1,300
Answer
D.
Rs. 1,400

Answer: Option C

Solution

Answer: Option C
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