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Commerce · Q1572

Accounting

Graduate and Post Graduate · Commerce · question 1572

Q1572

If the withdrawals are made by the partners evenly in the beginning of each month, interest is usually calculated for the whole of the amount (annual) for:

A.
5 months
B.
5 and half months
C.
6 months
D.
6 and half months
Answer
E.
Average of 12 months

Answer: Option D

Solution

Answer: Option D
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