Calculate interest on drawings of Mr. X at 10% p.a. if he withdrawn Rs.1000 per month (i) in the beginning of each Month (ii) In the middle each of month (iii) at end of each month. Total Amount with withdrawn = Rs.1000x12=Rs12000.

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For begining 12000 × 10% × 6.5 ÷ 12 = 650 For middle 12000 × 10% × 6 ÷ 12 = 600 For ending 12000 × 10% × 5.5 ÷ 12 = 550
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