# Solve the question number 9th

Solution :-

ii) If a partner withdraws fixed amount in the beginning of every month, interest is charged on the whole amount for 6.5 months.

Interest on Drawings = Total Drawings x Rate of Interest/100 x Average Period/12
Total Drawings = 1,000 x 12 = 12,000
Average Period = 12 months + 1 month/2 = 6.5 months
Interest on Drawings = 12,000 x 10/100 x 6.5/12
= 650

iii) If a partner withdraws fixed amount at the end of every month, interest is charged for 5.5 months (i.e., average period) on the total amount.

Interest on Drawings = Total Drawings x Rate of Interest/100 x Average Period/12
Average Period = 11 Months + 0 month / 2 = 5.5 months
Interest on Drawings = 12,000 x 15/100 x 5.5/12
= 825

iv) If a partner withdraws fixed amount in the middle of every month, interest is charged for 6 months on the total amount.

Interest on Drawings = 12,000 x 10/100 x 6.5/12
= 650

v) If amount of Drawings are fluctuating :-
By Product method
 Date of Withdrawal Amount Withdrawn Period Product 30th April 3,000 11 33,000 30th June 2,000 9 18,000 1st October 4,000 6 24,000 31st December 1,500 3 4,500 1st February 2,500 2 5,000 Total 84,500

Interest on Drawings = Total of Product x Rate x 1/12
= 84,500 x 10% x 1/12
= 704.167

vi)  If a partner withdraws fixed amount in the beginning of each quarter, interest is charged on the whole amount for 7.5 months.
Interest on Drawings = Total Drawings x Rate of Interest/100 x Average Period/12
Average Period = 12 Months + 3 month / 2 = 7.5 months
Interest on Drawings = 12,000 x 10/100 x 7.5/12
=750

vii) If a partner withdraws fixed amount in the middle of each quarter, interest is charged for 6 months on the total amount.
Interest on Drawings = Total Drawings x Rate of Interest/100 x Average Period/12
Average Period = 10.5 Months + 1.5 month / 2 = 6 months
Interest on Drawings = 12,000 x 10/100 x 6
=7,200

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