CA Foundation doubt
Someone please tell me the formulas for int on drawing
Asked by Sarthak3 Jul 2024741 views
4 answers
Jaison · 4 Jul 2024
If the drawings are in quarters First multiply the amount with 4 1.At the beginning:Amount*rate*7.5/12 2.At the middle of the month:Amount*rate*6/12 3.At the end:Amount*rate*4.5/12
Jaison · 4 Jul 2024
At first multiply one months drawings with 12 At the beginning of each month:Amount*rate*6.5/12 At the middle of each month:Amount*rate*6/12 At the end of each month:Amount*rate*5.5/12
Sarthak · 3 Jul 2024
beginning/ mid/ ending/ half year
Aditi · 3 Jul 2024
Amount * rate * years or months
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