| 1st April | Rs. 10,000 |
| 1st June | Rs. 9,000 |
| 1st November | Rs. 14,000 |
| 1st December | Rs. 5,000 |
Gautam withdrew Rs. 15,000 on the first day of April, July, October and January to pay rent for the accommodation of his family. He also paid Rs. 20,000 per month as rent for the office of partnership which was in a nearby shopping complex.
Calculate interest on drawings @ 6% p.a.
Solution
